Ultimate Software to Complete Leadership Succession Plan at Year End
Summary
WESTON, Fla.--(BUSINESS WIRE)--Ultimate Software, a leading global provider of human capital management (HCM) and employee experience solutions in the cloud, announced today that co-CEO Scott Scherr will be retiring on December 31, 2019, as planned, after almost 30 years serving as the company’s founder, president, and CEO. Most recently, in his role as co-CEO, Rogers took over leadership of customer service, finance, legal, and business operations, along with the ongoing management of the product and IT teams, which he had been leading for over 10 years. During his time as founder, CEO, and president, Scherr has led Ultimate to grow from four employees in 1990 to more than 5,000 employees and over $1 billion in revenue, making Ultimate the second-largest provider of payroll applications in the world based on revenue, according to IDC’s 2018 Worldwide Human Capital Management and Payroll Accounting Applications Software Market Shares report. “Nowhere in the history of building businesses will you find another example of an organization that so passionately takes care of its people through good times and bad the way Scott has driven Ultimate to do. I step into the CEO role with humility and appreciation for everything Scott has done for so many, as well as excitement to lead some of the most talented people in the software industry.” “Ultimate has been my life, my family, and my passion for almost 30 years.