Paychex said B. Thomas Golisano notified the board on May 15, 2025 that he will step down, effective after the company’s July 2025 board meeting. The company said he did not cite any disagreement on any matter relating to the company’s operations, policies or practices.

1. 01

   Paychex said B. Thomas Golisano notified the board on May 15, 2025 that he will step down, effective after the company’s July 2025 board meeting. The company said he did not cite any disagreement on any matter relating to the company’s operations, policies or practices.

2. 02

   The company said Golisano founded Paychex in 1971 and served as President, Chief Executive Officer and Chairman after the company went public in 1983. He retired as President and CEO in 2004 but continued to serve as Chairman until 2021.

3. 03

   Paychex said Chairman Martin Mucci, on behalf of shareholders and the board, thanked Golisano for his commitment to the company’s growth and success. Mucci said he has worked with Golisano for more than 20 years.

4. 04

   Paychex said it serves nearly 800,000 clients, generates annual revenue of over $5 billion and has a market capitalization exceeding $50 billion. The company also said Golisano has committed over $800 million in total charitable gifts over his lifetime.

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