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ADT Appoints Geltzeiler as CFO

Zacks Equity Research

The ADT Corporation (ADT) recently announced the appointment of Michael Geltzeiler as its chief financial officer. Presently Geltzeiler is serving as the chief financial officer (:CFO) and group executive vice president at NYSE Euronext (NYX). He will make the switch shortly after the acquisition of NYSE by Intercontinental Exchange (ICE), which is currently scheduled for Nov 4.   

Geltzeiler is entrusted with the responsibility of overseeing ADT Corporation’s financial strategy and functions. Geltzeiler brings on board years of experience and has worked in diverse businesses. His extensive capital markets knowhow, operational skills and financial planning will help the company to create value for its shareholders.

With his leadership traits, expertise and experience, Geltzeiler is expected to unlock value for the company and augment its revenues going forward. Geltzeiler is expected to bring transformative changes to ADT Corporation. He will provide valuable insight, guidance and provide support to the company in its operational and financial objectives. ADT Corporation’s residential, small business security and automation segments have significant potential for growth and Geltzeiler aims to contribute positively to achieve that objective.

Headquartered in Boca Raton, Fla., ADT Corporation offers electronic security products along with interactive home, business automation and monitoring services for residences and small businesses in the U.S. and Canada. The company has a strong balance sheet and a talented management team with more than 6.5 million customers.

ADT Corporation presently carries a Zacks Rank #3 (Hold). Another stock worth a look at the moment is Huron Consulting Group Inc (HURN), which retains a Zacks Rank #1 (Strong Buy).

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