Paychex, Inc. (PAYX)

About Paychex, Inc. (PAYX)

Company Description:


Paychex, Inc. is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. The company primarily serves small- to medium-sized businesses.

Founded by B. Thomas Golisano on August 16, 1971, Paychex began as a payroll processing firm and has since expanded its services to include a wide range of HR and business solutions. The company is headquartered in Rochester, New York, United States.


Main Product(s):


Paychex offers a comprehensive suite of services including payroll processing, retirement services, insurance, and fully integrated human resource management solutions.


Short History of Paychex, Inc:


  • 1971 – Founded by B. Thomas Golisano with an investment of $3,000.
  • 1983 – Paychex went public and began trading on the NASDAQ Stock Market.
  • 1996 – Expanded its service offerings beyond payroll processing to include 401(k) recordkeeping.
  • 2000s – Broadened its services further into the HR and business services sector.
  • 2010 – Acquired SurePayroll, expanding into online payroll services.
  • 2021 – Celebrated 50 years of service, cementing its place as a major player in the HR and payroll services industry.

Key Executives:

NameTitlePayExercisedYear Born
Mr. John B. Gibson Jr.President, CEO & Director2.18MN/A1967
Mr. B. Thomas GolisanoFounder & Director272.5kN/A1942
Ms. Stephanie L. SchaefferVP, Chief Legal & Ethics Officer and Corporate Secretary730.36kN/A1970
Mr. Mark A. BottiniSenior Vice President of Sales1.38MN/A1961
Mr. Michael E. GiojaSenior Vice President of Product Development & Information Technology1.29MN/A1958
Mr. Efrain Rivera DM, MBASenior Advisor1.34M1.14M1957
Mr. Robert L. SchraderSenior VP & CFON/AN/A1972
Ms. Elizabeth RoaldsenSenior Vice President of Operations & Customer ExperienceN/AN/A1972
Mr. Christopher SimmonsVP, Controller, Treasurer & Principal Accounting OfficerN/AN/AN/A
Mr. Bradley J. Schaufenbuel J.D., L.L.M.VP & Chief Information Security OfficerN/AN/A1973

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