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ADP Claims Services Group Names Stephen E. Applebaum Vice President, Claims Gateway.


Business Editors

ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing.

(2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp.
(R) Claims Services Group announced today that Stephen E. Applebaum has joined the company in the newly created position of Vice President, Claims Gateway(TM).

Applebaum, an accomplished executive in the claims technology applications and solutions business, has been brought on to oversee the successful development and implementation of ADP's web-based claims management system, Claims Gateway.

"Stephen has joined ADP during a pivotal time in our industry's history," said Peter Op de Beeck, president of the Claims Services Group. "In this position he will bring to the industry a truly open, modular, and accessible solution that could provide several billion dollars in annual savings to the automotive claims business," continued Op de Beeck. "This important addition to our corporate team clearly conveys ADP's solid commitment to building a total online claims management solution."

Applebaum brings to ADP a wealth of experience in claims products and services, including his most recent work as Senior Vice President of Business Development with CCC CCC

A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa.
 Information Services See Information Systems.  Inc. in Chicago.

At CCC, Applebaum was responsible for the creation, development and market introduction of numerous new claims products and services. Prior to relocating to the company's headquarters in Chicago, Applebaum was a founder and President of CCC of Canada Ltd., based in Toronto, where he led the company's successful entry into the Canadian marketplace.

Applebaum has a 25-year track record of leading new business initiatives in a variety of industries, including extensive automotive claims management experience. He has also held management positions in venture capital, magazine publishing, entertainment, multi-level and direct marketing and automotive parts manufacturing and distribution.

ADP Claims Services Group, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE

See: New York Stock Exchange
:ADP), is a leading provider of integrated business solutions for clients in the property and casualty, general health, collision repair and automotive recycling industries. ADP, with approximately $7 billion in revenues and over 500,000 clients, is one of the largest independent computing services firms in the world.

ADP Claims Services Group is headquartered at 2010 Crow Canyon Place, San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005.  94583; (925) 866-1100.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 11, 2002
Words:344
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