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Magnit Welcomes Efrain Rivera to Its Board of Directors
[November 15, 2023]

Magnit Welcomes Efrain Rivera to Its Board of Directors

Magnit, an Integrated Workforce Management (IWM) platform provider, is pleased to announce that Efrain Rivera will join its Board of Directors. To this role, Rivera brings significant experience and a distinguished track record in financial stewardship. His deep expertise will help Magnit achieve its strategic goals and maintain its position as a leader in the contingent workforce management industry.

"We are thrilled to welcome Efrain Rivera to our Board of Directors," said Teresa Carroll, CEO of Magnit. "His extensive industry knowledge, combined with financial and leadership expertise, make him an invaluable asset to our organization. We look forward to his contributions as we continue to innovate and help our clients reimagine their talent strategies."

Most recently, Rivera served as chief financial officer at Paychex, Inc. In his 12 years with the organization, he made substantial contributions to the company's growth, helping to drive its transformation into a leading human capital management technology firm.

"Efrain Rivera's remarkable achievements and strategic acumen align perfectly with our company's mission and values," added Mason Slaine, Chairman of Magnit's Board. "It's a privilege to have him join our Board, and we areconfident that his insights and vision will be pivotal to our future successes."

Before joining Paychex, Rivera served as corporate vice president and chief financial officer at Bausch & Lomb, a global eye health company, after holding several senior management positions within the organization. Rivera's appointment to Magnit's Board further strengthens the company's commitment to driving unparalleled excellence and innovation for clients across the world.

"I am honored to join the Board of such an established leader in contingent workforce management," Rivera said of his appointment. "I am enthusiastic about contributing my knowledge and experience while having the opportunity to collaborate with such a dynamic and forward-thinking company. I am confident that, together with the Board and the leadership team, we will achieve great things."

About Magnit™

Magnit™ is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) Platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt quickly to the evolution of work to grow their extended workforce with greater agility, transparency, and speed.

"Magnit" is a trademark or registered trademark of Magnit, LLC. Any trade, product, or service name referenced in this document using the name "Magnit" is a trademark and/or property of Magnit, LLC.

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