The ADT Corporation (NYSE: ADT) today announced that Michael Geltzeiler will join the company as its chief financial officer. Geltzeiler is currently the chief financial officer and group executive vice president at NYSE Euronext. Reporting directly to ADT Chief Executive Officer Naren Gursahaney, Geltzeiler will be responsible for leading the company’s financial strategy to help drive profitable business growth and create shareholder value.
Michael Geltzeiler Named ADT CFO (Photo: Business Wire)
Prior to joining NYSE Euronext five years ago, Geltzeiler served as president for school and educational services at the Reader’s Digest Association, and was the organization’s chief financial officer and senior vice president from 2001 to 2007. He also served as chief financial officer of marketing services, corporate controller and chief financial officer for the EMEA region at ACNielsen Corporation, and in a variety of senior finance positions both in the United States and abroad at Dun & Bradstreet.
“Michael has a proven track record serving as CFO at public companies with subscriber-based revenue models,” said Gursahaney. “His extensive capital markets experience, operational skills and financial acumen will help us to deliver value for our shareholders. Under Michael’s leadership, we will build on the important step we recently took towards executing on a capital structure plan that supports our overall business strategy. We are pleased to have him join our executive team.”
“ADT is a widely respected company and a clear leader in the industry, and I am honored to be joining the team,” said Geltzeiler. “There is significant potential to grow ADT’s residential and small business security and automation segments. The company has a strong balance sheet, a broad portfolio of innovative solutions and a talented management team that is passionate about its more than 6.5 million customers. I look forward to making a meaningful contribution to the organization and serving its shareholders.”