U.S.-based fintech Broadridge Financial Solutions announced on Thursday Jim Young, the company’s Chief Financial Officer, will be stepping down from his role to pursue an opportunity with Indigo Ag, Inc., a private company operating at the intersection of technology, markets, and sustainability.
According to Broadridge, Matt Connor, who is currently Chief Financial Officer of Broadridge’s Global Technology and Operations (“GTO”) business, will serve as Interim Chief Financial Officer until a permanent successor is named. The company further noted that it has initiated a search process for a permanent successor that will include both internal and external candidates and has engaged a leading executive recruitment firm to lead this process.
Speaking about Young’s resignation, Tim Gokey, CEO of Broadridge, stated:
“I have worked closely with Jim the past six years and thank him for his tremendous impact, leadership and partnership. I wish him great success in the next chapter of his career. Jim leaves Broadridge financially strong, well on track to meet our financial goals for fiscal 2020 and our three-year growth targets, and well positioned for continued long-term growth.
Gokey further noted that Connor has been a strong financial leader to Broadridge’s GTO business over the past five years. He then added:
“It has been a privilege to work with such an exceptional team during my time at Broadridge, and the decision to step away from my role during this exciting and dynamic time of growth for the company was not an easy one,” said Young. “However, I take this next step knowing that Broadridge, led by Tim and team, will continue to be successful for years to come.”
Young will continue as CFO through the release of the company’s fourth-quarter fiscal year 2020 earnings and will leave Broadridge on August 31, 2020.