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Paygroup (ASX:PYG) appoints new Chief Product Officer

Finance
ASX:PYG
29 March 2021 17:40 (AEDT)

Payroll and human capital management company PayGroup (PYG) has appointed Jerome Gouvernel as its new Chief Product Officer.

The U.S.-based technology leader will bring more than 25 years’ worth of experience in the sector to the new role at PYG.

This includes stints as a senior executive at ADP — the NASDAQ-listed global payroll business which has a market cap of US$75 billion (around A$98.4 billion).

Jerome worked as Chief Technology Officer at ADP and as Vice President for ADP’s international employer services division, as well as the Divisional Vice President of ADP’s Product Incubator (ADP Ventures).

In addition to his work at the global payroll business, the new PYG leader has also worked at fellow industry titans as SAP, IBM, Logica and Bouygues Group.

PayGroup also advised that he holds a number of human capital management (HCM) patents and the company believe his knowledge and experience will be invaluable for its own leading payroll and HCM solutions.

“We are thrilled by the appointment of Mr Gouvernel, a global heavyweight in the payroll and HCM software sector,” PYG Managing Director Mark Samlal said.

“He will be instrumental in delivering our focused strategy to optimise our core payroll solution, leverage insightful data and integrate automation of existing processes to drive margin expansion,” he added.

Following the appointment, shares in PayGroup have ended Monday’s session down 3.08 per cent at 63 cents per share.

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