DUBLIN,
Calif., Feb. 15, 2024 /PRNewswire/ --
TriNet (NYSE: TNET), a leading provider of comprehensive
human resources solutions for small and medium-size
businesses (SMBs), today announced that its President, Chief
Executive Officer and Board Member, Burton M. Goldfield is
retiring from the company and Mike Simonds has been appointed
his successor as President and CEO, and will also join the TriNet
Board of Directors effective February 16,
2024.
Simonds most recently served as Executive Vice President and
Chief Operating Officer at Unum Group, a Fortune 500 provider of
workplace benefits and services. In this role, Mike was responsible
for all of Unum's active businesses, collectively a team of more
than 8,000 colleagues dedicated to serving nearly 40 million
workers and their families.
He previously served as President and CEO of Unum US, Unum
Group's largest business unit, as well as other management
positions at Unum. During this time, Simonds helped to lead the
company's investments in a differentiated customer experience
through HCM partnerships and expansion in voluntary benefits,
dental, vision, and absence management solutions.
While retiring as President and CEO, Goldfield will continue as
a special advisor to the company through March 31, 2025.
"On behalf of the board, the executive management team, and all
TriNet employees, I would like to thank Burton for his incredible
leadership and unwavering dedication to the Company's success,"
said TriNet Chairman, David Hodgson.
"TriNet has experienced tremendous growth and undergone a
significant transformation under Burton's 15-year service as
President and CEO.
He led us through our successful 2014 IPO, multiple strategic
acquisitions, and the maturation of our business model and
management team, creating a solid foundation for the
future. TriNet, our people, our customers, our shareholders
and our industry owe him a debt of gratitude."
Hodgson added, "We are also thrilled to have Mike join TriNet as
President and CEO. After an extensive search, the board concluded
that Mike's deep SMB industry and operational experience, strong
leadership skills, knowledge of risk products, and extensive record
of successfully building high-performing teams make him the right
person to lead TriNet as it continues its growth."
"After having the privilege of serving as TriNet's President and
CEO for more than 15 years, now is a perfect time for me to retire.
It has always been my goal to build TriNet into an amazing and
enduring company which we have achieved," said Burton M. Goldfield. "It has been an honor to
lead such a remarkable team and experience the growth and success
we accomplished together, including our 10-year trajectory as
a public company— and the prospects for 2024 and the future are
very bright."
Goldfield added, "The Board and I have every confidence in Mike
to continue the momentum and capitalize on the unique opportunity
in front of us. I want to thank my incredible colleagues, our
outstanding board of directors, and our inspiring customers for
their dedication and support throughout this magnificent and
unforgettable journey."
"Small business is where incredible things start. Thanks to
Burton, our 3,600 remarkable colleagues, and a growing number of
partners, TriNet delivers exceptional HR solutions to small and
medium-size businesses and their employees," said Mike Simonds. "I've spent much of my career
around employee benefits and HR technology, and I know how complex
and time-consuming they can be. I am excited to join the TriNet
team and focus on growing our business, and in doing so, enabling
more small businesses to focus on what they do best—changing the
world for the better."
TriNet will host a conference call to discuss its fourth quarter
and full calendar year 2023 financial results today at 2:00
p.m. Pacific time (5:00 p.m. Eastern
time).
About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses
(SMBs) with full-service industry-specific HR solutions, providing
both professional employer organization (PEO) and human resources
information system (HRIS) services. TriNet offers access to human
capital expertise, benefits, risk mitigation, compliance, payroll,
and R&D tax credit services, all enabled by industry-leading
technology. TriNet's suite of products also includes services
and software-based solutions to help streamline workflows by
connecting HR, benefits, employee engagement, payroll and time
& attendance. Rooted in more than 30 years of supporting
entrepreneurs and adapting to the ever-changing modern workplace,
TriNet empowers SMBs to focus on what matters most—growing their
business and enabling their people. For more information,
visit TriNet.com or follow us on Facebook, LinkedIn and
Instagram.
Investors:
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Media:
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Alex Bauer
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Renee Brotherton/Josh
Gross
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TriNet
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TriNet
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Alex.Bauer@TriNet.com
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Renee.Brotherton@TriNet.com
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Josh.Gross@TriNet.com
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SOURCE TriNet Group, Inc.