CBIZ promotes Peter Scavuzzo to Senior VP and Chief Information Officer, succeeding John Fleischer, who is retiring.
Quiver AI Summary
CBIZ, Inc. has announced the promotion of Peter Scavuzzo to Senior Vice President and Chief Information & Technology Officer, while he will also retain his position as President of CBIZ Technology. This transition follows the retirement of John Fleischer, who served as CIO for 12 years. Beginning May 1, Scavuzzo will lead a unified technology function that integrates enterprise IT with CBIZ’s Business Transformation and Innovation team, focusing on aligning technology investments with business goals. CBIZ President and CEO Jerry Grisko highlighted the importance of technology, particularly AI, in delivering value to clients and driving long-term growth. Scavuzzo, who joined CBIZ in 2024 after its acquisition of Marcum LLP, brings over 25 years of experience in technology and strategic management. He aims to enhance resilience and security across CBIZ while ensuring that client needs remain central to the company's technology strategies.
Potential Positives
- Peter Scavuzzo has been elevated to Senior Vice President, Chief Information & Technology Officer, highlighting the company's commitment to technological leadership and innovation.
- The integration of enterprise IT and Business Transformation and Innovation under Scavuzzo's leadership aims to align technology investments with business goals, which is likely to enhance operational efficiency and client service.
- This transition signals a strategic focus on AI and technology-driven insights, positioning CBIZ for long-term revenue growth and a competitive edge in the professional services sector.
- Scavuzzo's extensive experience and background in both technology and business strategy can drive further innovation and growth for CBIZ, following his successful initiatives in previous roles.
Potential Negatives
- Change in leadership may signal instability or uncertainty within the company's technology strategy, as the long-serving Chief Information Officer is retiring and being replaced.
- Transitioning leadership during a critical period of increasing importance on technology and AI could pose risks to the continuity and effectiveness of ongoing technology initiatives.
FAQ
Who has been appointed as Senior Vice President at CBIZ?
Peter Scavuzzo has been elevated to Senior Vice President, Chief Information & Technology Officer at CBIZ.
When will Peter Scavuzzo assume his new role?
Peter Scavuzzo will assume his expanded role on May 1, 2026.
What is the significance of technology for CBIZ?
Technology, especially AI, is crucial for enhancing client value and driving long-term revenue growth at CBIZ.
Who did Peter Scavuzzo succeed at CBIZ?
Peter Scavuzzo succeeds John Fleischer, who is retiring after 12 years as Chief Information Officer.
What experience does Peter Scavuzzo bring to his new position?
Peter Scavuzzo has over 25 years of experience in technology and strategic roles, including previous leadership at Marcum LLP.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CBZ Insider Trading Activity
$CBZ insiders have traded $CBZ stock on the open market 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CBZ stock by insiders over the last 6 months:
- BRAD S. LAKHIA (Senior Vice President & CFO) has made 2 purchases buying 14,835 shares for an estimated $431,650 and 0 sales.
- BENAREE PRATT WILEY sold 8,288 shares for an estimated $410,612
- RODNEY A YOUNG purchased 1,000 shares for an estimated $26,055
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CBZ Revenue
$CBZ had revenues of $542.7M in Q4 2025. This is an increase of 17.9% from the same period in the prior year.
You can track CBZ financials on Quiver Quantitative's CBZ stock page.
$CBZ Congressional Stock Trading
Members of Congress have traded $CBZ stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CBZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 03/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$CBZ Hedge Fund Activity
We have seen 119 institutional investors add shares of $CBZ stock to their portfolio, and 140 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 4,110,627 shares (+136.0%) to their portfolio in Q4 2025, for an estimated $207,381,132
- DURABLE CAPITAL PARTNERS LP removed 2,293,098 shares (-58.4%) from their portfolio in Q4 2025, for an estimated $115,686,794
- BANK OF MONTREAL /CAN/ added 2,251,649 shares (+inf%) to their portfolio in Q4 2025, for an estimated $113,595,692
- SG AMERICAS SECURITIES, LLC added 706,709 shares (+inf%) to their portfolio in Q4 2025, for an estimated $35,653,469
- ROYCE & ASSOCIATES LP added 524,438 shares (+389.3%) to their portfolio in Q4 2025, for an estimated $26,457,897
- INVESCO LTD. removed 490,154 shares (-84.4%) from their portfolio in Q4 2025, for an estimated $24,728,269
- JPMORGAN CHASE & CO removed 471,248 shares (-90.1%) from their portfolio in Q4 2025, for an estimated $23,774,461
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CBZ Price Targets
Multiple analysts have issued price targets for $CBZ recently. We have seen 3 analysts offer price targets for $CBZ in the last 6 months, with a median target of $33.0.
Here are some recent targets:
- An analyst from Stephens & Co. set a target price of $31.0 on 04/10/2026
- Jeffrey Silber from BMO Capital set a target price of $33.0 on 03/30/2026
- Faiza Alwy from Deutsche Bank set a target price of $60.0 on 01/12/2026
Full Release
Cleveland, April 14, 2026 (GLOBE NEWSWIRE) -- CBIZ, Inc. (NYSE: CBZ), a leading national professional services advisor, announced today that Peter Scavuzzo has been elevated to Senior Vice President, Chief Information & Technology Officer and will continue to serve as President of CBIZ Technology. He succeeds Chief Information Officer, John Fleischer, who is retiring after 12 years with CBIZ. As part of a planned transition, Scavuzzo will assume the expanded role on May 1.
“Technology—particularly AI—is an increasingly important driver of how we deliver value to our clients,” said Jerry Grisko, President and CEO of CBIZ, Inc. “By bringing enterprise IT and Business Transformation and Innovation together under Peter’s leadership, we are advancing Technology, Data, and AI as an enterprise-wide capability. This will enable us to deliver greater insights and value to our clients supporting long-term revenue growth while driving efficiency.”
“On behalf of the entire CBIZ team, I thank John for his exceptional leadership and numerous contributions,” said Jerry Grisko. “He developed a robust, service-focused IT organization, enhanced our infrastructure and cybersecurity, and supported our business’ growth and integration over the years. We appreciate his invaluable contributions and wish him all the best in retirement.”
In Peter’s current role as CBIZ’s Chief Strategy Officer and National Leader of Technology, Scavuzzo has driven initiatives in enterprise transformation, innovation, AI, and business intelligence for CBIZ and its clients. As part of his expanded role, he will integrate CBIZ’s enterprise IT, client-facing solutions, and the Business Transformation and Innovation team under unified leadership, aligning technology investments with business goals to deliver accelerated results. His focus will include aligning technology with business needs, managing the technology portfolio, and ensuring business continuity. With a background in computer engineering and accounting, Peter combines strategic vision with superior execution.
“I’m honored to lead our newly unified technology function and continue building on the strong foundation that John and our teams have established,” said Scavuzzo. “Technology is essential for all functions at CBIZ and for our clients. By integrating leadership of enterprise IT with CBIZ Technology, we will better align investments with strategic goals, enhance resilience and security, accelerate delivery, and ensure that the business—and our clients—remain at the center of every decision.”
Scavuzzo joined CBIZ in 2024 following its acquisition of Marcum LLP, where he served as Chief Information & Digital Officer and Chief Executive Officer of Marcum Technology. In this role, he led innovation initiatives, like the Marcum Labs incubator, and managed growth through more than 50 M&A deals. He has more than 25 years of experience and holds a Bachelor of Science in Computer Engineering and a Master of Science in Telecommunication Networks from Polytechnic University.
About CBIZ
CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle-market businesses nationwide. With industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers actionable insights to help clients anticipate what is next and discover new ways to accelerate growth. CBIZ has more than 9,500 team members across 23 major markets coast to coast. For more information, visit www.cbiz.com .
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