Jon J. Judge Appointed President and Chief Executive Officer of Paychex®, Inc.

October 2004 - Paychex, Inc. and its executive search and advisory consultants, ChampionScott Partners, have announced that Mr. Jon J. Judge will assume the position of president and chief executive officer for Paychex, Inc. He will be succeeding the founder, Tom Golisano, who will retain his position as chairman of the board. Mr. Judge's objective will be to maintain Paychex's industry leading record of performance, while leading the company to its next phase of growth and development. Mr. Judge most recently was the president and chief executive officer of Crystal Decisions, Inc. Through his leadership, the company experienced significant increases in revenues and profitability leading to a highly successful merger with Business Objects in late 2003. Prior to Crystal Decisions, Mr. Judge had been with IBM in a number of key executive roles. In his last assignment, he was general manager of the Personal Computing Division (PCD) of IBM, leading over 11,000 employees in 160 countries, and managing all aspects of this 10 billion dollar unit.

Paychex, based in Rochester, NY, is the leading national provider of payroll, human resource, and benefits outsourcing solutions for businesses. Paychex's core client is the small to medium-sized company, while its Major Market Services division also meets the special needs of larger businesses. In fiscal 2004, Paychex revenues were nearly $1.3 billion. Tom Golisano founded the company in 1971 with just $3,000 and one employee and has led it to its position of industry leadership today. In January 2004, Paychex was named one of the "Best Managed Companies in America" by Forbes magazine. Also, Forbes magazine named Paychex's CEO, Tom Golisano, one of the 10 best performing CEO's in the U.S., for a second straight year. This annual ranking rates chief executives who provide the best balance between return to shareholders and their compensation.

"Finding a successor to Tom, a dynamic and charismatic founder of an extremely successful company like Paychex, was a complex and delicate matter," says Geoffrey Champion, the founder of ChampionScott Partners. "After all, we were planning to change one of the key ingredients in Paychex's and Tom's recipe for success-Tom. Effecting a leadership change of this magnitude and creating this marriage, required two important advisory skills: managing expectations and understanding the company's culture and strategic objectives. We worked very closely with Tom and the board of directors to ensure that we identified a professional of the stature and business acumen necessary to successfully assume the leadership role from Tom and take responsibility for one of the most successful companies in business today. Equally, we worked in depth with Jon to formulate the objectives for his next leadership role. The match of Paychex's requirements and Jon's character traits ensured that Tom and the board were highly confident in the alignment between the role, strategic plan for the business, and Jon's integration with Paychex's highly successful, established company culture. Our knowledge of the requirements for matching Paychex's objectives and their heritage with Jon Judge's skills, knowledge and experience positioned both parties to focus on the foundation for continued, profitable growth as the primary ground rule for success. This eliminated the potential for having to focus on managing internal change which is often the downfall for executing a successful leadership transition process. ChampionScott's unique ability to effect a complex leadership change of this magnitude is an integral element in the foundation for our client's success and our primary objective as a global boutique executive search and leadership advisory firm."

Paychex History
Golisano founded Paychex in 1971 with $3,000 and an idea about how to make payroll outsourcing easy and affordable for small businesses. Golisano started the company in Rochester, New York; its headquarters remain in Rochester today. Paychex began with one employee and 40 clients. Today, Paychex serves more than 500,000 clients from over 100 locations across the United States and employs more than 9,400 people. Revenues for fiscal 2004 totaled nearly $1.3 billion.

Paychex initially grew through partnerships and franchises. Golisano consolidated those into one private company in 1979. The company went public in 1983 and trades on The NASDAQ Stock Market. Paychex and Golisano have received numerous national honors over the years. In 2004, the company was recognized for a third consecutive year by FORTUNE magazine as one of the "100 Best Companies To Work For" in America, and by Training magazine as one of the top 100 training organizations in the country. FORTUNE also named Paychex one of the most admired companies in the country, and Forbes honored Paychex as one of the best-managed companies in America. For more historical Paychex milestones, go to http://www.paychex.com/about/history.html.

B. Thomas Golisano
In addition to his role with Paychex, Golisano is owner of the Buffalo Sabres, a National Hockey League team. Golisano is a founder of the Independence Party of New York State and has run for governor of New York as that party's candidate three times. He has personally contributed more than $50 million to Rochester area not-for-profit organizations, predominantly institutions of health care and higher education.

He also started the B. Thomas Golisano Foundation in 1986 to provide grants to organizations serving those with disabilities and their families. Golisano has received numerous business, civic, and community awards. In 2004, he was named Outstanding Philanthropist by the Association of Fundraising Professionals, an international organization. Golisano is a graduate of the State University of New York at Alfred. He is a native of Irondequoit, New York, a suburb of Rochester. Golisano has two children and six grandchildren. He and his wife, Heather, reside in Pittsford, New York.

Jonathan J. Judge
Judge, 50, holds a Bachelor of Arts degree in economics from Harvard University. He began his career at IBM in 1976 as a salesman. He rose through the company, holding a variety of management positions in sales, marketing, and operations. His career at IBM culminated with his role as general manager of IBM's Personal Computing Division. Judge assumed his CEO leadership position at Crystal Decisions, Inc. in 2002. Judge has resided in Vancouver, British Columbia for the last two years, where the operational headquarters of Crystal Decisions is located. Prior to that, he was a longtime resident of Wilton, Connecticut. Judge, the father of three children, will move to Rochester.

ChampionScott Partners is the world's premier retained executive search firm focused exclusively on the technology industry and related sectors. Our firm delivers the personalized focus of a technology boutique combined with the research resources and global reach of a large international firm through our offices in the United States, Europe and Asia. We have conducted over 500 searches and played pivotal roles in the formation of over 200 technology companies around the world. ChampionScott Partners recruits CEOs, their direct reports, and Board Directors for companies ranging from start-ups to the Global 500 in the key technology centers of the U.S., Europe, Japan, China, India and Israel. On every engagement our team provides partner-level knowledge and judgment gained through our decades of experience in the technology industry.