Former Capella Exec. Martin Named Ceridian CFO

Lois M. Martin, whose career spans 26 years, left Capella at the end of 2010 after spending six years there; in her new role, she'll be responsible for corporate-wide financial strategy, management, and reporting.

Ceridian Corporation said Thursday that it has appointed former Capella Education Company CFO Lois M. Martin to the same role, effective Wednesday.

As chief financial officer of the Bloomington-based global business services and software-solutions company, Martin will assume responsibility for corporate-wide financial strategy, management, and reporting. She'll report to CEO and President Stuart C. Harvey, Jr.

“Lois' leadership experience, in private and public companies, her established reputation for dynamic leadership and creativity, and deep ties across the financial community will be invaluable to Ceridian as we continue to drive and grow the organization,” Harvey said in a statement.

During Martin's six-year tenure at Capella, she was responsible for taking the company public-and also oversaw its investor relations, financial planning and analysis, information technology, corporate development, and treasury functions.

Martin left Minneapolis-based Capella at the end of 2010, saying then that it was “the right time for me to focus on other priorities and interests, given the significant accomplishments we've made and the strengths of the business.”

Prior to joining Capella, Martin was CFO for Deluxe Corporation, where she directed the spinoff of payment services company eFunds Corporation and led the creation of two separate publicly traded entities. In her 26-year career, Martin has also occupied financial leadership positions with World Data Products, Carlson, and PricewaterhouseCoopers.

Ceridian is among Minnesota's 15-largest private companies based on revenue, which totaled $1.49 billion in its most recent fiscal year.