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Paychex Expands Board of Directors, Appoints New Member

January 13, 2017
Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses, today announced that the Paychex Board of Directors has voted to expand the board to 10 members and has appointed Thomas F. Bonadio, CPA, to fill the newly created board position. Bonadio is CEO and managing partner of the Bonadio Group, the largest certified public accountant firm in New York State outside of Manhattan.

Mr. Bonadio began his career with Arthur Andersen & Co. in Rochester, New York. He left the firm in 1978 to start his own firm. Today, the Bonadio Group has annual revenue of more than $100 million and is the 38th largest CPA firm in the United States. The Bonadio Group has more than 700 employees and is headquartered in Rochester, New York. The firm has been named a Rochester Top 100 growth company by the Rochester Business Journal 18 times.

“The strong connection between Paychex and the accounting community goes back to when our company was founded, and Tom’s expertise in this area will be valuable to us,” said Paychex president and CEO Martin Mucci. “Tom is a successful entrepreneur whose experience building his own business is representative of many clients Paychex serves today. I believe his insight and knowledge will make Tom a valuable addition to the Paychex Board of Directors.”

Mr. Bonadio has experience serving on publicly traded boards and is currently a director and chair of the audit committee for CurAegis Technologies (OCTMKTS: CRGS), formerly Torvec, Inc. He also previously served as a director and audit committee chair for Conceptus, Inc., a medical products manufacturer and developer that is now a wholly owned subsidiary of Bayer AH of Germany.

Mr. Bonadio holds a Bachelor of Business Administration degree from St. John Fisher College in Rochester, New York. He is the 2016 recipient of the Herbert W. Vanden Brul Entrepreneurial Award, presented by Rochester Institute of Technology.

Mr. Bonadio’s appointment to the Paychex Board of Directors is effective immediately.

Laura Saxby Lynch
Director, Corporate Communications

Laura Saxby Lynch

As director of corporate communications for Paychex, Laura Saxby Lynch leads a six-member team responsible for external communications, including media and public relations programs, as well as employee communications. Among her other responsibilities, Laura is a lead communicator in companywide initiatives, crisis and issues management, and community relations. She joined Paychex in January 2001 as the company’s first public relations manager after serving as the communications executive for a large non-profit and, prior to that, working as a television journalist. Laura is a graduate of St. Bonaventure University.