CBIZ Names Brad Lakhia as New CFO, Succeeding Ware H. Grove

Brad Lakhia has been announced as the new senior vice president and chief financial officer (CFO) of professional services firm CBIZ, succeeding Ware H. Grove, who is set to retire. Lakhia, who brings almost 30 years of experience in financial operations leadership, is set to officially join the company's senior leadership team on March 17, 2025, marking an important transition as CBIZ seeks to solidify its position as a go-to service provider for middle-market clients.

Cleveland-based CBIZ, a firm with FY23 net revenue of $1.35 billion, has announced a significant leadership change. Brad Lakhia has been appointed as the company’s next senior vice president and chief financial officer (CFO), succeeding Ware H. Grove, who plans to retire following an impressive 24-year tenure. This planned transition will see Lakhia officially take on the CFO role and join CBIZ’s senior leadership team on March 17, 2025.

Lakhia brings nearly three decades of experience leading financial operations in large, complex global organizations. His expertise spans M&A integration, treasury, capital markets, and operational finance—skills that align with CBIZ’s strategic vision.

“Brad brings impressive financial acumen and leadership abilities that will allow us to continue to build on our strong financial performance,” said Jerry Grisko, president and CEO of CBIZ. “His experience in key financial areas will be instrumental as we solidify our position as the unmatched full-service professional services advisor to the growing middle market.”

Lakhia expressed his enthusiasm for the role, stating: “Now that CBIZ and Marcum have come together as one, CBIZ offers an unparalleled breadth of services and depth of expertise. I look forward to leading the finance team to support the continued growth and success of CBIZ. I am grateful to Ware for the lasting legacy he leaves and his commitment to ensuring a smooth transition.”

Grove, reflecting on his tenure, shared his optimism for CBIZ’s future: “Working with the CBIZ team over the years, we have achieved a remarkable track record of growth and increased shareholder value. Having closed the Marcum transaction, the company is in capable hands, and this is a good time to step aside. I will be supporting a smooth transition in the coming months and look forward to seeing CBIZ’s continued success.”

This transition marks a pivotal moment for CBIZ as the firm continues to enhance its position as a leader in professional services, supporting middle-market clients with an expanding portfolio of offerings.

Until next time…

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CBIZ Announces Leadership Transition: Brad Lakhia to Succeed Ware Grove as CFO in 2025

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