HR technology company Alight has unveiled key leadership changes, appointing Russell P. Fradin as the new chairman of the Board of Directors, effective since the start of the month.

Fradin takes over from William P. Foley II, who will continue as a board member.

Alongside this change, three new directors – Robert Schriesheim, Robert Lopes, Jr., and Mike Hayes – are joining Alight’s Board, replacing Erika Meinhardt, Regina Paolillo, and Dan Henson, who have each opted to step down.

The new board members bring a wealth of expertise in finance, HR services, and technology, aligning with Alight’s next phase of growth and transformation, the company said.

CEO Dave Guilmette acknowledged the contributions of the outgoing directors, stating: “[They] have been a tremendous asset to our Board of Directors, guiding Alight through its early evolution as a public company.”

Guilmette also expressed confidence in the new board members, noting their unique expertise would bolster Alight’s mission to build a financially secure and thriving workforce.

“I am equally grateful to have Bill [Foley]’s continued presence coupled with Russ, Rob, Bob, and Mike joining our Board, providing unique expertise that supports our next phase of growth and our client-centric work of building a healthy and financially secure workforce,” Guilmette said.

A leadership shift to seize new opportunities

Foley, reflecting on his tenure as chairman, highlighted Alight’s journey through public listing, technological transformation, and divestment of its Payroll and Professional Services division. He remains a strong advocate for the company and intends to stay as a shareholder.

“There is a significant value creation opportunity ahead for Alight, and I am confident its leaders have the tools and positioning to deliver profitable growth and robust cash flow,” Foley said, lauding Fradin as a natural successor given his deep industry experience.

In stepping into the role, Fradin highlighted the company’s impact on 35 million employees and top-tier organisations worldwide.

“I have known the power and impact of Alight in various capacities throughout my career and believe the company is uniquely positioned to guide the benefits industry forward and capitalise on its recent transformation,” he said, reaffirming his commitment to working closely with Foley, Guilmette, and the board to deliver best-in-class services.

A strategic partnership with Starboard Value

The board reshuffle aligns with Alight’s cooperation agreement with Starboard Value, its largest shareholder.

Peter Feld, Starboard’s managing member, praised the collaboration, noting that the new leadership structure enhances Alight’s ability to drive revenue growth, profitability, and cash flow.

“We look forward to seeing the company realise the benefits of new leadership and improved Board oversight,” Feld said.

Who’s who? Alight’s new board members

Russell P. Fradin, a veteran in HR and technology, brings a seasoned perspective on human capital management and business services, having led firms like SunGard Data Systems, Aon Hewitt, and BISYS Group. He orchestrated the 2010 merger of Aon Consulting and Hewitt Associates, creating a powerhouse in HR solutions. His background includes advisory roles at CD&R, McKinsey & Company, and directorships in both public and private enterprises.

Rob Schriesheim, a finance and transformation expert and chairman of Truax Partners, has built a career in financial restructuring and governance. He has served on 12 public company boards, including Fortune 500 firms, and played a pivotal role in transforming Frontier Communications, Sears Holdings, and Hewitt Associates. Currently, he sits on the boards of Houlihan Lokey, Indivior, and Skyworks Solutions.

Bob Lopes Jr, a leader in HR outsourcing and workforce solutions, has a proven track record in scaling HR operations, having driven profitability at companies approaching US$1 billion in revenue. His career spans executive roles at Randstad, Fidelity, and a healthcare technology firm, where he oversaw acquisitions and strategic growth. Lopes also served as CHRO of Randstad North America during the COVID-19 crisis, guiding over 90,000 employees through change.

Mike Hayes, a tech-focused business strategist and managing director at Insight Partners, oversees a $90 billion investment portfolio in global software firms. Previously, he was COO at VMware, where he spearheaded its SaaS transformation and $94 billion acquisition by Broadcom. His experience also includes senior roles at Cognizant Technologies and Bridgewater Associates, making him well-versed in tech-driven business operations.

Accelerated growth and transformation

The boardroom shake-up signals Alight’s intent to sharpen its competitive edge, leveraging a mix of financial acumen, HR expertise, and technological insight. With Fradin at the helm and a strategically aligned board, the company is positioning itself to capitalise on new opportunities and steer the future of HR tech innovation.

Alight’s next chapter is set to be one of accelerated growth and transformation to ensure businesses and employees alike benefit from a workforce that is healthier, more financially secure and future-ready.