Richard Hanks also joins as Strada´s Chief Financial Officer
Miami, FL – September 16, 2024 – Strada, a leader in end-to-end payroll, human capital, and financial management solutions, announces Colin Brennan as its Chief Executive Officer. This strategic appointment marks a significant milestone for Strada, which officially launched in July 2024 following the spin-off of the payroll and professional services business from Alight Solutions.
Brennan brings nearly three decades of experience in the digital and human resources sectors with a proven track record of accelerating growth and business transformation. Brennan’s experience includes over 27 years with Strada’s predecessor organizations including Alight Solutions and Aon Hewitt, where he served as Chief Customer Officer, Chief Product Strategy and Solutions Officer, and President of Payroll and Cloud Solutions. This extensive experience provides him with deep insights into the Strada business and the needs of its customers as he leads the company into the next phase. Most recently he served as Chief Revenue Officer at Lumin Digital, a leading fintech company specializing in digital banking solutions.
Strada also announces the appointment of Richard Hanks as Chief Financial Officer (CFO) to lead Strada´s global financial function. Hanks is a highly experienced CFO with a strong track record of growing and transforming global technology and services companies across the US, Europe, and Asia. He most recently served as CFO at Williams Lea, the global provider of tech-enabled business-critical support services, and, before that, was CFO at Clarivate, a publicly traded global leader in data, analytics and information products and services.
Under Brennan’s leadership as CEO, Strada will focus on advancing its comprehensive technology and service offerings to address the evolving needs of a diverse, globally dispersed workforce. The company remains committed to driving innovation and delivering exceptional value to over 1,400 clients, a legacy established over the past three decades.
Brennan will take an active role in building and expanding strategic partnerships to further accelerate Strada´s business growth. This includes forging new partnerships and strengthening and deepening existing ties with market leaders such as Workday, SAP, and Oracle.
Brennan commented: “I’m delighted to join Strada and lead the business in this exciting new phase of its 30-year journey. With a strong track record, a team deeply committed to customer service, and an impressive client base, this is a tremendous opportunity. Returning to an industry I’m passionate about, I see many opportunities to continue transforming the sector.”
Hanks added: “Joining the Strada leadership team at this pivotal chapter in its journey is truly exciting. The company’s existing strengths provide a solid foundation for us to unlock significant potential and consistently achieve remarkable outcomes for our customers, partners, and most importantly, our wider team.”
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About Strada
Strada is a technology-enabled, people powered company committed to delivering world-class payroll, human capital management, and financial management solutions to organizations globally. With a team of more than 8,000 professionals, Strada blends leading-edge technology with human ingenuity to help businesses across the globe design and deliver at scale. Supporting over 1,400 customers in 33 countries, Strada partners with customers at every stage of their journey, to help drive their vision to value. Discover how Strada can help drive your vision forward at www.stradaglobal.com
Media contact:
Jordana Sherman (jordana.sherman@alight.com)