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CBIZ appoints Richard T. Marabito as independent director

He started his career in public accounting at Arthur Andersen

CBIZ, Inc. the provider of financial, insurance and advisory services, has announced the appointment of Richard T. Marabito as independent director to the company’s board of directors, effective August 12, 2021.

The appointment of Marabito comes as the CBIZ board of directors approved the expansion of its membership from 10 to 11 directors. Marabito will serve as an independent director and sit on the audit committee of the board.

He currently serves as CEO of Olympic Steel, a national metals service center headquartered in Cleveland, Ohio that focuses on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. 

Marabito became CEO in 2018 after serving for 18 years as the CFO. He joined the company in 1994 as corporate controller. 

He started his career in public accounting at Arthur Andersen and served the board of directors and as audit committee chairman for Hawk Corporation from 2008 until the company’s sale in November 2010.

CBIZ chairman Steven L. Gerard said:  “We are very pleased to welcome Rick Marabito to the CBIZ board of directors. 

“The board and company will benefit from Marabito’s extensive leadership and experience as a chief executive officer and chief financial officer of a publicly traded company, his time spent in the public accounting industry and his significant business acumen and expertise.”

Marabito holds a BA in accounting from the University of Mount Union and is a Certified Public Accountant in the state of Ohio.

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