ADT on Friday announced the appointment of Richard J. Daly, the chief executive officer and president of Broadridge Financial Solutions, to the company’s board of directors and also announced the appointment of Timothy J. Perrott as vice president of investor relations. In this role, Perrott will have responsibility for communicating the company’s strategy, growth prospects, and financial performance to investors and analysts. He will be based in Boca Raton, Fla. and report to Chief Financial Officer Michael Geltzeiler.
Bruce Gordon, ADT's Chairman of the Board, said: "Rich has tremendous general management, corporate governance and financial expertise. I’m confident he will make important contributions to ADT as we execute our strategies for growth."
Daly has served as the CEO of Broadridge since its spin-off from former parent company, ADP, in 2007. Today, Broadridge is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers. It has more than 6,000 associates and $2.4 billion in annual revenue. Prior to his current role, Daly served as group president of the brokerage services group of ADP.
Before joining ADP in 1989, Daly held senior management positions at Thomson McKinnon Securities and The Independent Election Corporation of America. He worked for Arthur Anderson & Co., and Touche & Ross as a Certified Public Accountant after his graduation from the New York Institute of Technology with a Bachelor of Science degree in Accounting.
Daly serves on the Advisory Board for the National Association of Corporate Directors.
Perrott joins ADT from NII Holdings, Inc. (Nextel International) where he has served as vice president of investor relations and external communications since 2003. He previously held investor relations leadership roles at Gilat Satellite Networks, Orbital Science Corp, and Southern Company.
“Tim is a world-class IR professional,” said Geltzeiler. “He brings a wealth of relevant experience with spin-offs and subscriber-based revenue models. He will be a great addition to our ADT team as we focus on executing our growth strategy and creating long-term shareholder value.”
Perrott commented on his appointment, “I was attracted to the company because of its market leadership position in a large and growing industry. I’m thrilled to join ADT and look forward to working closely with the Company’s investors and analysts.”
Perrott has been recognized as a “Top IR Professional” by Institutional Investor magazine. He holds a B.E.E. from Auburn University and an M.B.A. from The College of William and Mary