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ADP Nominates David W. Kenny and Nancy McKinstry to Board of Directors

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ROSELAND, N.J., Sept. 24, 2026 /PRNewswire/ — ADP (Nasdaq: ADP), a global leader in HR and payroll solutions, announced today that David W. Kenny and Nancy McKinstry have been nominated to the Board of Directors in connection with ADP’s Annual Meeting of Stockholders, set for November 11, 2026.   

David W. Kenny has extensive experience in technology, artificial intelligence, data analytics, and consumer insights, as well as decades of executive leadership experience. He served as executive chairman of Nielsen Holdings plc, a private global measurement and data analytics company, from 2023 to 2025, and as chief executive officer from 2018 to 2023.

Nancy McKinstry brings deep global leadership experience and expertise in strategy, product innovation and technology, having served as chief executive officer and chair of the executive board of Wolters Kluwer N.V., a global information, software, and services provider, from September 2003 until February 2026.

“We believe David and Nancy will be outstanding additions to the ADP Board,” said Thomas J. Lynch, independent non-executive chair of the Board for ADP.  “Their extensive leadership experience, combined with deep expertise in strategy, technology and business transformation, will be tremendous assets to ADP as we continue to invest in our strategic growth initiatives, advance our product innovation and drive operational excellence.”

“Today’s clients need more than technology. They need a trusted partner that can help them navigate one of the most significant workforce transitions of our time with confidence,” said Maria Black, president and chief executive officer of ADP.  “David and Nancy are exceptional business leaders whose experience leading transformation, innovation, and growth will bring valuable perspectives to our Board as ADP continues to help businesses and their people thrive just as we have for generations.” 

Prior to Nielsen, Mr. Kenny held leadership roles at IBM as Senior Vice President of IBM Watson and IBM Cloud. He previously served as chief executive officer of The Weather Company and Digitas Inc. Mr. Kenny is a director of Flutter Entertainment plc and the chair of the board of directors of Best Buy Co., Inc. Mr. Kenny holds a Bachelor of Science from Kettering University and a Master of Business Administration from Harvard University.

Prior to serving as chief executive officer, Ms. McKinstry held a number of senior leadership roles at Wolters Kluwer, including chief executive officer of operations in North America, president of CT Corporation, and chief executive officer of CCH Legal Information Services. Ms. McKinstry began her career with Booz & Company (formerly Booz Allen Hamilton), an international management consulting firm, where she focused on assignments in the media and technology industries. Ms. McKinstry currently serves on the boards of Abbott Laboratories, Accenture plc and Mondelēz International, Inc. She holds a Bachelor of Arts from the University of Rhode Island and a Master of Business Administration from Columbia University. 

Safe Harbor Statement

This document and other written or oral statements made from time to time by ADP may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words like “outlook,” “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could,” “is designed to” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and depend upon or refer to future events or conditions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements or that could contribute to such difference include: ADP’s success in obtaining and retaining clients, and selling additional services to clients; the pricing of products and services; the success of our new solutions; our ability to respond successfully to changes in technology, including artificial intelligence; compliance with existing or new legislation or regulations; changes in, or interpretations of, existing legislation or regulations; overall market, political and economic conditions, including interest rate and foreign currency trends and inflation; competitive conditions; our ability to maintain our current credit ratings and the impact on our funding costs and profitability; security or cyber breaches, fraudulent acts, and system interruptions and failures, including as a result of artificial intelligence; employment and wage levels; availability of skilled associates; the impact of new acquisitions and divestitures; the impact of any uncertainties related to major natural disasters or catastrophic events; and supply-chain disruptions. The factors identified above are not exhaustive. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. These risks and uncertainties, along with the risk factors discussed under “Item 1A. Risk Factors” of our most recent Annual Report on Form 10-K, and in other written or oral statements made from time to time by ADP, should be considered in evaluating any forward-looking statements contained herein.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we’re focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP’s exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright © 2026 ADP, Inc. All rights reserved.

ADP – Investor Relations

Investor Relations Contacts:
Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com 

ADP – Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

 

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SOURCE ADP – IR

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webAI Lands $30 Million AI Deal With Forge as Enterprise AI Services Race Accelerates

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Forge commits $30 million to webAI as the companies partner to build and deploy private, specialized AI systems inside enterprises.

AUSTIN, Texas, Sept. 24, 2026 /PRNewswire/ — webAI today announced a strategic partnership with Forge AI Deployment, which is making a $30 million commitment to webAI to build and deploy private, specialized AI systems for enterprise customers.

The partnership pairs webAI’s collaborative intelligence platform with Forge’s enterprise deployment and services operation. Forge will work directly with customers to build AI systems around their proprietary data, workflows and operations, running on infrastructure those customers control.

The agreement comes as the AI market begins shifting from building increasingly capable general-purpose models to putting specialized intelligence to work inside businesses.

Forge is led by enterprise technology veterans, including founder and CEO John Ezzell, who previously built an Oracle-focused services and reseller business that was acquired by Deloitte. Forge is applying a similar playbook to AI: combining a new technology platform with the implementation, integration and operational expertise required to make it useful inside large organizations.

webAI provides the intelligence layer behind that effort.

Rather than relying solely on a general-purpose model, webAI enables organizations to deploy specialized models around their own data, people and operations. Those models can run across infrastructure the organization controls and collaborate as a system.

Forge will design, deploy and operate those systems for customers, from individual specialized AI Personas to company-wide deployments.

“A general model is only the beginning,” said David Stout, co-founder and CEO of webAI. “Individuals and organizations need intelligence deeply specialized to them. We believe the path to super intelligence (SI) isn’t one model that knows everything; it’s specialized intelligence working together. Collaboration gets us there faster.”

From AI models to AI infrastructure

webAI calls this emerging architecture the decision factory: intelligence built around the unique knowledge, expertise and workflows of an organization and deployed wherever decisions are made.

Instead of relying on a single general-purpose model, specialized AI Personas can operate as domain experts and work together across webAI’s Intelligence Delivery Network (IDN), a private network of compute controlled by the organization.

Forge will take responsibility for turning that technology into working enterprise systems, including architecture, secure deployment, model integration and optimization.

“Enterprises don’t need another AI demo,” said John Ezzell, founder and CEO of Forge AI Deployment. “They need AI that actually works inside their business. The opportunity is to take this technology from experimentation to production, and webAI gives us the infrastructure to do that.”

The partnership also expands webAI’s growing ecosystem of systems integrators, software companies and channel partners building, deploying and distributing specialized AI solutions on its platform across commercial and public-sector markets.

For enterprises, the shift is simple: AI stops being something they subscribe to and becomes intelligence they own.

About webAI
webAI is building collaborative intelligence: a private, local-first approach to AI in which specialized models run close to where work happens and collaborate with one another and the people they support. webAI enables individuals and organizations to create, own and deploy specialized intelligence across their own devices and environments. Headquartered in Austin, Texas, webAI’s mission is to make powerful AI accessible, personal and collaborative. Learn more at webai.com.

About Forge AI Deployment
Forge AI Deployment is an official webAI systems integrator that designs, installs and operates sovereign AI systems inside infrastructure customers control, including enterprise data centers, edge sites and air-gapped or disconnected enclaves. Combining more than two decades of work in high-consequence and Fortune 100 environments with webAI’s local-first platform, Forge provides end-to-end architecture, secure deployment, model integration and optimization while keeping institutional knowledge within the customer’s perimeter.

Media Contact
webAI@pinkston.co

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SOURCE webAI

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NAIC Letter Details Proactive State Oversight of Evolving Insurance Landscape

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WASHINGTON, Sept. 24, 2026 /PRNewswire/ — In response to a letter from U.S. Senator Elizabeth Warren (D-Mass.), state insurance regulators leading the National Association of Insurance Commissioners (NAIC) today detailed how the state-based regulatory framework is evolving alongside insurers’ changing investment strategies, ownership structures, and risk-transfer arrangements.  

“Rather than relying on a static regulatory framework, regulators have regularly updated capital requirements, reporting standards, supervisory tools, and analytical capabilities to address emerging risks while maintaining a consistent focus on insurer solvency and policyholder protection,” said NAIC leadership.

Among other actions, this work includes:

Strengthening asset-adequacy testing through Actuarial Guideline 53 (AG 53) to provide greater consistency in evaluating the risks associated with complex and higher-yielding assets supporting life insurance business.

Intensifying oversight of certain life insurance and annuity reinsurance transactions through Actuarial Guideline 55 (AG 55), including setting higher expectations for asset-adequacy analysis and reserve adequacy.

Instituting a 45% risk-based capital charge for residual interests in structured securities to ensure that capital requirements appropriately recognize investment risk.

Creating a formal process for evaluating whether credit rating providers’ methodologies and rating mappings remain appropriate for regulatory purposes.

As NAIC leaders noted, “State insurance regulators continually evaluate whether the solvency framework appropriately captures emerging and changing risks.”

This adaptive approach, built on collaboration and coordination, has enabled state-based insurance regulation to lead for more than 150 years and will continue to guide it in an ever-changing insurance landscape.

Resources

Full Letter

NAIC Resource Center: Private Credit and Insurance Regulation

State-Based Regulatory Timeline for NAIC’s Solvency Oversight

About the National Association of Insurance Commissioners

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.

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SOURCE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS

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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ServiceTitan, Inc. – TTAN

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NEW YORK, Sept. 24, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of ServiceTitan, Inc. (“ServiceTitan” or the “Company”) (NASDAQ: TTAN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether ServiceTitan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 8, 2026, ServiceTitan reported second quarter 2027 earnings. Among other items, the Company reported that “[b]ecause Max” – ServiceTitan’s AI-powered enterprise software package – “requires substantial change management, we typically do not bill subscription fees for the first quarter of an upsell Max contract, and we have also elected not to charge existing customers an onboarding fee when transitioning to Max. As a result of these factors, we expect both our platform revenue and professional services revenue to grow at a slower pace for the remainder of fiscal 2027.” The Company further reported that “[w]e expect the mix shift to Max to lower professional services revenue by roughly an additional $2 million over the remainder of this fiscal year, which, of course, also flows through to professional services gross margin.”

On this news, ServiceTitan’s stock price fell $24.46 per share, or 29.98%, to close at $57.12 per share on September 9, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

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