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BBSI Appoints Joseph S. Clabby to its Board of Directors

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The board of Barrett Business Services, Inc. (BBSI) has appointed Joseph S. Clabby as a director, effective September 16, expanding the board to nine members. Clabby, who recently retired from Chubb Limited, brings over 20 years of senior executive experience in the insurance industry, including board roles. His expertise in insurance and PEOs is expected to enhance BBSI's strategic growth and shareholder value. Clabby expressed enthusiasm about joining the growing organization, which aims to support small and medium-sized businesses.

Positive
  • Joseph Clabby's experience in insurance and PEOs adds valuable expertise to BBSI's board.
  • Clabby's appointment signals a commitment to enhancing shareholder value and strategic growth.
Negative
  • None.

VANCOUVER, Wash., Sept. 19, 2022 (GLOBE NEWSWIRE) -- The board of directors of Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, has appointed Joseph S. Clabby as a director effective September 16. His appointment expands the board to nine members.

Mr. Clabby recently retired from Chubb Limited (NYSE: CB). He spent over twenty years with ACE Limited and then Chubb following its merger with ACE in a number of senior executive positions, including board roles at several affiliated companies. Prior to ACE and Chubb, Mr. Clabby held underwriting, broker and executive roles with leading insurance and reinsurance organizations including Alexander & Alexander, Willis Group and Swiss Re.

“We are very pleased that Joe has accepted our invitation to join the BBSI Board,” said Anthony Meeker, Chairman of the BBSI Board of Directors. “Joe has a distinguished career in insurance and is a member of the Insurance Business America 2019 Hall of Fame. His deep business experience in insurance, including working with PEOs, will greatly add to the board’s current composition of skills and will contribute to our efforts to enhance BBSI’s shareholder value.”

Mr. Clabby commented, “I am delighted to join BBSI, a growing organization with a proven track record of supporting the success of small and medium sized businesses. My background and professional experience in insurance, including working with PEO firms, will help to contribute to BBSI’s long-term strategy and continued growth.”

Mr. Clabby earned his MBA in Finance from Pace University and his Master of Arts in Education from Montclair State University. He completed his undergraduate degree at Fordham University, majoring in Psychology.

About BBSI
BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The Company’s integrated platform is built upon expertise in payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI’s partnerships help businesses of all sizes improve the efficiency of their operations. For more information, please visit www.bbsi.com.

Contact:
Gateway Group, Inc.
Cody Slach
Tel 1-949-574-3860
BBSI@gatewayir.com


FAQ

Who has been appointed as a director at BBSI?

Joseph S. Clabby has been appointed as a director at BBSI, effective September 16, 2022.

What experience does Joseph Clabby bring to BBSI's board?

Joseph Clabby brings over 20 years of senior executive experience in the insurance industry, including leadership roles at Chubb Limited and ACE Limited.

Why is Joseph Clabby's appointment important for BBSI?

Clabby's expertise in insurance and PEOs is expected to enhance BBSI's strategic growth and contribute positively to shareholder value.

What is the current composition of BBSI's board after Clabby's appointment?

With Joseph Clabby's appointment, BBSI's board has expanded to nine members.

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