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ADP Announces Passing of Founder and Honorary Chairman Henry Taub
Apr 01, 2011 (06:04 PM EDT)
ROSELAND, N.J., April 1, 2011 /PRNewswire/ -- Automatic Data Processing, Inc., today announced that Henry Taub, company founder and honorary chairman of ADP's Board of Directors, passed away yesterday at Mount Sinai Hospital in New York at the age of 83.
An entrepreneur, business visionary and philanthropist, Mr. Taub established ADP in 1949 when he identified the opportunity to relieve business owners of the burdens of administrative functions, such as payroll processing, so they could instead concentrate on expanding their businesses. From that vision, Mr. Taub led and grew ADP into one of the world's leading providers of human resources, payroll and benefits administration solutions to employers, as well as integrated computing solutions to vehicle dealers around the world.
"Today, the ADP family lost a dear colleague, mentor and friend. His contributions to the success of the company he founded were many, including expanding the company's footprint beyond payroll into the brokerage and dealer services businesses. Henry was a true luminary with a relentless passion for empowering businesses to realize their vision and a focus on exceptional client service. He was also wholly committed to the people of ADP who helped him realize his vision for this great company," said Gary Butler, ADP president and chief executive officer. "We will miss him deeply, and our thoughts and prayers are with his wife, Marilyn, and the entire Taub family at this time."
Mr. Taub served ADP as chief executive officer from 1949 to 1975. He was a member of ADP's Board of Directors from 1961 to 2009 and served as Honorary Chairman from 1986 to 2011. Mr. Taub also formerly served as a director of Rite-Aid Corporation, Hasbro, Inc., Bank Leumi and Trust Company of New York, Interfaith Hunger Appeal and The New York Shakespeare Festival/Public Theater. He served as chairman and president of the Board of Directors of The American Jewish Joint Distribution Committee and the United Israel Appeal. Mr. Taub also was a member of the Board of Trustees of New York University, from which he graduated with a degree in accounting in 1947.
In addition, Mr. Taub was an active philanthropist, supporting numerous initiatives in the United States and Israel. He founded The Henry and Marilyn Taub Foundation, which provides resources for various charitable endeavors, including the Taub Institute for Research on Alzheimer's Disease and The Aging Brain at Columbia University and The Taub Urban Research Center at New York University.
Mr. Taub is survived by his wife of 53 years, Marilyn; his three children, Judith, Steven and Ira; and 10 grandchildren. In memory of Mr. Taub, services will be held at Temple Sinai in Tenafly, N.J., on Sunday, April 3, 2011 at 1:30 PM.
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1 (800) 225-5237 or visit the company's website at www.ADP.com.
For more information, contact:
Jim Larkin, ADP
SOURCE Automatic Data Processing, Inc.