Don McGuire reshapes ADP strategy after two decades in finance

Don McGuire has transitioned from a traditional finance career to a global leadership role, becoming the CFO of ADP after nearly two decades. His diverse experiences in Europe and Asia have provided him with a unique perspective, allowing him to identify growth opportunities beyond North America. McGuire emphasizes the importance of understanding global markets, particularly in developing countries, where ADP faces competition from local vendors and companies like Intuit. His leadership style focuses on talent development, encouraging team members to rotate through various roles to gain a comprehensive understanding of the business. This approach is reflected in his corporate treasurer, who previously served as president of AsiaPac. McGuire believes that this strategy is essential for the finance team's success, enabling them to tackle strategic and operational challenges effectively. Acquisitions have been a significant part of ADP's growth strategy, with McGuire noting the ongoing evaluation of potential opportunities. While many prospects are considered, only those that align with ADP's goals are pursued. Recent acquisitions, such as Securax Tech Solutions and Honu HR, have strengthened ADP's offerings in the APAC region and automated HR processes, respectively. McGuire maintains a continuous dialogue with stakeholders to ensure informed decision-making regarding acquisitions. His journey from finance to global business leadership has shaped his strategic approach, emphasizing both personal and organizational growth, which is crucial for ADP's future success.