Martin Mucci assumed the role of president and chief executive officer on September 30, 2010. Under his leadership, Paychex has significantly expanded upon its foundation as a payroll services company to become a leading provider of integrated human capital management solutions for small and mid-sized businesses, growing to $4 billion in annual revenue and a market cap of more than $25 billion.
In Mucci’s time as president and CEO, Paychex has transformed into a technology-enabled service company. Combining innovative software-as-a-service technology with dedicated, personalized service, Paychex empowers business owners to focus on the growth and success of their business, instead of contending with the demands of payroll, HR, and benefits administration.
Mucci is a regular guest on CNBC’s Squawk Box and Bloomberg TV where he discusses the state of small business in the U.S. according to the Paychex | IHS Markit Small Business Employment Watch, which provides a monthly snapshot of small business jobs activity and wage data. With a 91% approval rating, Mucci was named on Glassdoor’s 2019 list of the top 100 CEOs of large U.S. companies.
Mucci joined Paychex as senior vice president of operations in October 2002. In this position, he was responsible for all operations and customer service for the company’s payroll and human resource services clients, as well as the company’s product management and information technology functions. Prior to joining Paychex, he served as president of telephone operations for Frontier Communications, and CEO of Frontier Telephone of Rochester, N.Y. – both telecommunications services providers.
Mucci holds a bachelor’s degree in accounting from St. John Fisher College in Rochester, N.Y. and earned a master’s degree in business administration from the William E. Simon Graduate School of Business at the University of Rochester. Mucci is a member of the Greater Rochester Chamber of Commerce Executive Committee and on an advisory team for Madison Dearborn Partners, LLC, a leading private equity investment firm based in Chicago. A longtime community and United Way supporter, Mucci has served as chairman of the United Way of Greater Rochester campaign, the Rochester American Heart Association’s Heart Walk and Run and JDRF’s Walk to Cure Juvenile Diabetes.
What is Martin Mucci's net worth?
The estimated net worth of Martin Mucci is at least $49.65 million as of July 16th, 2021. Mr. Mucci owns 410,374 shares of Paychex stock worth more than $49,651,150 as of January 20th. This net worth evaluation does not reflect any other assets that Mr. Mucci may own. Learn More.
What is Martin Mucci's salary?
As the CEO of Paychex, Inc., Mr. Mucci earned a total compensation package of $8,068,717.00 in 2020. Mr. Mucci earned a salary of $992,885.00, stock awards of $4,397,940.00, options awards of $1,891,759.00, non-equity compensation of $768,800.00, and other compensation of $17,333.00.
How do I contact Martin Mucci?
The corporate mailing address for Mr. Mucci and other Paychex executives is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. Paychex can also be reached via phone at (585) 385-6666 and via email at [email protected]
Has Martin Mucci been buying or selling shares of Paychex?
Martin Mucci has not been actively trading shares of Paychex during the last ninety days. Most recently, Martin Mucci sold 150,000 shares of the business's stock in a transaction on Monday, December 27th. The shares were sold at an average price of $134.31, for a transaction totalling $20,146,500.00.
Who are Paychex's active insiders?
Are insiders buying or selling shares of Paychex?
In the last year, insiders at the business services provider sold shares 23 times. They sold a total of 860,426 shares worth more than $96,992,902.56. The most recent insider tranaction occured on December, 27th when CEO Martin Mucci sold 150,000 shares worth more than $20,146,500.00. Insiders at Paychex own 11.5 % of the company.
Information on this page was last updated on 12/27/2021.
