Alight, Inc. (NYSE: ALIT) announced that Rohit Verma, currently president and CEO of Crawford & Company, will become its chief executive officer on January 1, 2026, succeeding Dave Guilmette. Verma brings a record of four consecutive years of revenue growth at Crawford, positioning him to accelerate Alight’s transformation toward a cloud‑based Employer Solutions platform and AI‑enabled benefits administration.
The appointment follows Alight’s recent divestiture of its Payroll and Professional Services units, a transaction that closed for up to $1.2 billion and shifted the company’s revenue mix to over 90 % recurring, higher‑margin services. The divestiture, coupled with the completion of a multi‑year cloud migration to AWS, is expected to generate $75 million in annualized savings and improve the margin profile by nearly 300 basis points.
In its latest earnings release, Alight reported Q3 2025 revenue of $533 million, a 4.0 % decline from the prior year, and a net loss of $1.055 billion largely driven by a goodwill impairment charge. Adjusted EBITDA rose to $138 million from $118 million, reflecting disciplined cost management and the early benefits of the cloud migration. Management highlighted that the company’s dividend of $0.04 per share and a $200 million increase to its share‑repurchase program remain unchanged.
Alight’s full‑year 2025 guidance projects revenue between $2.25 billion and $2.28 billion, with adjusted EBITDA expected to range from $595 million to $620 million. The guidance reflects a modest $40 million reduction at the midpoint of revenue, attributed to lower project activity and cautious client sentiment amid broader economic uncertainty. Despite the revenue dip, the company’s focus on high‑margin, technology‑centric offerings is expected to sustain profitability.
Dave Guilmette, who will step down on December 31, 2025, praised Alight’s progress in delivering enhanced outcomes for clients and participants, noting that the organization is “well positioned to accelerate its client management and delivery capabilities through automation, artificial intelligence, innovation and partnerships.” Chair Russell P. Fradin added that Verma’s proven track record in scaling technology‑enabled services will be a strategic fit for Alight’s growth agenda.
The leadership transition is anticipated to be seamless, with no change to Alight’s current guidance or capital‑return plans. Management emphasized that Verma will join the team at the start of 2026 to lead the company’s continued transformation and deepen client relationships.
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