Gusto, the leading payroll, benefits and human resources technology platform for small businesses in the U.S., announced today that Fredrick Lee will join the company as its chief security officer (CSO).
Gusto processes billions of dollars of payroll every month and administers employee benefits and core human resources data for small businesses and their employees nationwide, so security has always been paramount to everything we do, said Gusto Co-Founder and Chief Technology Officer Edward Kim. We are thrilled to welcome Fredrick, whose extensive experience leading world-class security programs will ensure we continue to fortify our infrastructure and keep customer and employee data safe.
Lee joins Gusto with more than 15 years leading global information security and privacy efforts at large financial services companies and technology startups, most recently as Squares head of information security. He previously held senior security and privacy roles at Bank of America, Betfair, NetSuite and Twilio.
As Gustos CSO, Lee will lead the companys information and physical security strategies, including consumer protection, compliance, governance and risk.
Im excited to join a team that makes security a priority as a core commitment to serve small businesses and their employees. Gusto is improving the quality and impact of work with its people platform, across all industries in the U.S., and it will be a privilege to protect our customers on that mission, said Fredrick Lee.
The appointment comes as Gusto expands beyond its flagship payroll services with new capabilities to help employees manage when and how they get paid. The company recently incorporated new subsidiary Gusto Capital to extend features like Flexible Pay directly to consumers paid through Gusto. Flexible Pay allows employees on-demand access to funds without having to wait until payday, for little or no cost.
Gustos mission is to create a world where work empowers a better life. By making the most complicated business tasks simple and personal, Gusto is reimagining payroll, benefits and HR for modern companies. Gusto serves over 60,000 companies nationwide and has offices in San Francisco and Denver.
Rick Chen, Gusto
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