Management ChangeMay 5, 2026, 04:18 PM
Alight Appoints Susan Davies Interim CFO; Q1 Revenue $534M
AI Summary
Alight, Inc. announced key leadership appointments, naming Susan D. Davies as Interim Chief Financial Officer and Dinesh Tulsiani as President of Employer Solutions. The company also reported its first quarter 2026 financial results, with revenue decreasing to $534 million and an improved net loss of $(19) million. Adjusted EBITDA declined to $104 million, while free cash flow increased to $53 million. Alight provided a Q2 2026 outlook, projecting revenue between $490 million and $505 million.
Key Highlights
- Susan D. Davies appointed Interim Chief Financial Officer, effective May 8, 2026, replacing Gregory P. Giometti.
- Dinesh Tulsiani appointed President, Employer Solutions, effective May 1, 2026.
- Q1 2026 Revenue decreased 2.6% to $534 million from $548 million in prior year.
- Q1 2026 Net Loss was $(19) million, an improvement from $(25) million in prior year.
- Q1 2026 Adjusted EBITDA was $104 million, down from $118 million in prior year.
- Q1 2026 Free Cash Flow increased to $53 million from $44 million in prior year.
- Q2 2026 Revenue outlook is $490 million to $505 million.
- Q2 2026 Adjusted EBITDA outlook is $80 million to $90 million.