TriNet Group, Inc. Announces Board Changes, Effective May 27, 2021
May 26, 2021 at 09:07 am EDT
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On May 25, 2021, the Board of Directors (the ‘Board’) of TriNet Group, Inc. approved an increase in the size of the Board and appointed Myrna Soto as a director to fill the vacancy created by the increase, with effect on May 27, 2021. Ms. Soto will serve as a Class II Director, and as such will serve until the Company’s 2022 Annual General Meeting of Stockholders and until her successor is duly elected and qualified, or until her services cease sooner in the event of her earlier death, resignation, or removal. Effective May 27, 2021, the Board also appointed Ms. Soto to the Audit Committee of the Board. On May 21, 2021, Shawn Guertin notified the Board of his intention to resign as a director of the Company, effective May 27, 2021, and as a result that Mr. Guertin will not be standing for re-election at the Company’s 2021 Annual Meeting of Stockholders. In connection with Mr. Guertin’s resignation, the Board approved a decrease in the size of the Board. Soto has more than 30 years of experience in management, advisory and board of director roles for both major corporations and small companies in the tourism, financial and technology industries. She is passionate about security, strategy and helping accelerate business success. In addition to TriNet, Soto currently serves on the board of directors for Michigan-based utility company Consumers Energy/CMS Energy, Spirit Airlines, Popular Inc. (which operates under the names Banco Popular and Popular Bank) and is a Board Advisor to an on-demand mental health company Ginger.
TriNet Group, Inc. provides small and medium-size businesses with full-service industry-specific human resource (HR) solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. The Company offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development (R&D) tax credit services, all enabled by technology. Its suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time and attendance. It offers six industry-tailored vertical PEO services: TriNet Financial Services, TriNet Life Sciences, TriNet Main Street, TriNet Nonprofit, TriNet Professional Services and TriNet Technology. The Company's HRIS services primarily consists of its self-directed, cloud based HRIS software solution and provides the option to add tools, such as payroll processing and benefits management.