CBIZ Appoints Jerry Grisko As Chief Executive Officer; Steve Gerard To Continue As Chairman Of The Board

Mar 09, 2016, 16:15 ET from CBIZ, Inc.

CLEVELAND, March 9, 2016 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) announced effective today, and in accordance with the Company's succession plan previously announced on October 29, 2014, that Jerome P. Grisko, Jr. was appointed as Chief Executive Officer and President of the Company following the retirement of Steven L. Gerard as Chief Executive Officer.  Mr. Gerard will continue to serve as Chairman of the Board, now serving in a non-executive capacity.

Mr. Grisko, 54, has served as CBIZ, Inc.'s President and Chief Operating Officer since February 2000.  He will retain his role as President and as a member of the Board of Directors, to which he was appointed in November 2015.  He joined CBIZ as Vice President, Mergers & Acquisitions in September 1998 and was promoted to Senior Vice President, Mergers & Acquisitions and Legal Affairs in December 1998.  Prior to joining CBIZ, Mr. Grisko served as a partner with the law firm of Baker & Hostetler, LLP, from January 1995 to September 1998. 

Rick Burdick, CBIZ Lead Director, stated, "We thank Steve for his many years of service to CBIZ – as Chief Executive Officer since 2000 and Chairman of the Board since 2002.  He has contributed greatly to the success and growth of CBIZ as a premier professional services company through his strong leadership, strategic vision and dedication to shareholder value.  Our Board of Directors is confident that Jerry will continue to guide CBIZ to higher levels of growth and value creation, and we look forward to his leadership." 

Named one of America's 2015 Best Employers and ranked as the #1 employer in the consulting and accounting industry by Forbes magazine, CBIZ, Inc. provides professional business services that help clients better manage their finances and employees.  CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, real estate consulting, and valuation services.  Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment.  As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company's services are provided through more than 100 Company offices in 33 states.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.  Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations.  A more detailed description of such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

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