Martin Mucci served as the CEO of Paychex, Inc. from September 2010 until October 2022, when he retired. During his tenure, he also took on the role of Chairman of the Board in December 2021, showing his deep commitment to...

Martin Mucci served as the CEO of Paychex, Inc. from September 2010 until October 2022, when he retired. During his tenure, he also took on the role of Chairman of the Board in December 2021, showing his deep commitment to the company. Under his leadership, Paychex made significant strides in its operations, especially during challenging economic times such as the COVID-19 pandemic. Mucci's annual compensation peaked at over $11 million in 2022, mainly from vested stock awards, as he did not receive bonuses in 2021 or 2022 due to performance metrics and his retirement prior to bonuses being awarded. Interestingly, he had substantial stock holdings, with values fluctuating significantly; he even reported an insider trading value of $70 million in late 2021. His decisions and actions heavily influenced Paychex, a key player in the payroll and human resources services sector, as he guided the company toward consistent growth and improved shareholder value. Mucci’s background in operations guided his strategic vision for the company during his lengthy career there.