Ceridian Appoints Gregory Macfarlane Chief Financial Officer
MINNEAPOLIS (March 12, 2007) – Ceridian Corporation (NYSE: CEN) today announced that it has appointed Gregory Macfarlane as chief financial officer, effective March 26, 2007. Mr. Macfarlane joins Ceridian from the General Electric Company, where he most recently served as executive vice president and chief financial officer for GE-WMC Mortgage, a $36 billion mortgage originator owned by GE.
Mr. Macfarlane has over 13 years of relevant experience at General Electric Company. As EVP and CFO for GE-WMC Mortgage, Mr. Macfarlane was heavily involved in WMC’s capital markets strategy and execution, and was a leader in developing WMC’s in-house securitization capability.
“We are extremely pleased to have someone of Greg’s caliber joining Ceridian,” said Kathryn V. Marinello, president and chief executive officer of Ceridian. “Greg demonstrated his financial expertise during his years at GE by continually improving the business units in which he worked. I worked with Greg closely in the past at GE’s Partnership Marketing Group and was consistently impressed by his knowledge of finance and leadership capabilities. The Board and I are delighted to welcome Greg to our senior management team and are confident that he will be an important contributor to Ceridian’s success as we focus on creating value for our shareholders.”
Prior to his role at GE-WMC Mortgage, Mr. Macfarlane served as the senior vice president and chief financial officer at GE Partnership Marketing Group from 2001-2004. From 1999-2001, Mr. Macfarlane served as vice president and chief financial officer of GE Fleet Services Japan. Prior to that, Mr. Macfarlane received multiple promotions to the level of senior audit manager in GE’s Corporate Audit Staff, after his completion of GE’s Financial Management Program in 1994.
Mr. Macfarlane obtained his undergraduate degree from Wilfrid Laurier University and his MBA from the Kellogg Graduate School of Management at Northwestern University.
Source: Ceridian
