CBIZ Announces Brad Lakhia as New Chief Financial Officer to Drive Growth

CBIZ Appoints Brad Lakhia as Next Chief Financial Officer

CBIZ, Inc. (NYSE: CBZ), a prominent player in the national professional services landscape, has officially appointed Brad Lakhia as its next Senior Vice President and Chief Financial Officer (CFO). This announcement was made on December 3, 2024, marking a significant transition as Lakhia is set to succeed Ware H. Grove, who is retiring after a commendable 24-year tenure with the company.

The leadership transition will take effect on March 17, 2025, allowing for a planned handover of responsibilities from Grove to Lakhia. With nearly three decades of experience in financial leadership across various sectors, Lakhia is well-equipped to guide CBIZ as it continues to expand its reach and capabilities.

Lakhia's background includes critical roles with established firms, notably serving as Executive Vice President and CFO at OPENLANE, Inc., a leading operator in the digital marketplace for wholesale used vehicles. Prior to that, he oversaw finance operations for The Goodyear Tire & Rubber Company's Americas segment, accumulating over 20 years of invaluable finance leadership experience, complemented by multiple international assignments.

In his new capacity as CFO, Lakhia will not only oversee the financial operations but also play a pivotal role in CBIZ's strategic initiatives, particularly in capital markets and mergers and acquisitions (M&A). His comprehensive understanding of treasury functions, financial planning & analysis, and operational finance is expected to bolster CBIZ's ongoing growth trajectory.

"Brad's vast financial expertise and proven leadership capabilities position him perfectly to spearhead our financial strategies and initiatives. We anticipate that his experience with M&A integration and operational finance will greatly enhance our already strong financial performance," said Jerry Grisko, President and CEO of CBIZ.

Expressing his enthusiasm for joining CBIZ, Lakhia stated, "I am thrilled to be joining the CBIZ team and look forward to the wonderful opportunities that lie ahead for both the company and our industry. With the recent merger with Marcum, CBIZ is uniquely positioned to deliver unparalleled services and depth of expertise to our clients. I am eager to lead the finance team in supporting our ongoing growth and success. I also extend my gratitude to Ware for his remarkable legacy and seamless transition process."

Highlighting his success, Grove expressed pride in CBIZ's achievements during his time, emphasizing the company's remarkable growth and value creation for shareholders. He played an indispensable role in the recently completed acquisition of Marcum, the most significant transaction in CBIZ's history, and he is committed to facilitating a smooth transition for Lakhia.

Founded with the vision of becoming a premier provider of professional services, CBIZ operates with over 10,000 dedicated employees across 160 locations. The company’s expertise spans accounting, tax, advisory, benefits, insurance, and technology – offering clients innovative insights and actionable solutions tailored to their growth needs. As the company gears up for this leadership change, it remains committed to enhancing its service offerings and increasing value for its clients across the middle market.

For more information, visit CBIZ's official website.