STOCK TITAN

TriNet Announces Appointment of Veteran Board Member, Business Leader and Venture Capitalist, Myrna Soto to its Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

TriNet announced key changes to its board of directors, effective May 27, 2021. Myrna Soto joins the board, bringing over 30 years of experience in management and advisory roles across various sectors, including technology and finance. Soto's extensive expertise is expected to enhance TriNet's support for small and medium-sized businesses (SMBs). Concurrently, Shawn Guertin will leave the board to take on a new role as Executive Vice President and Chief Financial Officer at CVSHealth. This leadership transition may signify a shift in strategic direction for TriNet.

Positive
  • Myrna Soto's appointment adds significant expertise in cybersecurity and governance.
  • Soto's track record in supporting SMBs aligns with TriNet's mission, potentially enhancing company performance.
Negative
  • Shawn Guertin's departure may lead to concerns over continuity in financial leadership.

DUBLIN, Calif., May 26, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced changes to its board of directors. Myrna Soto—who is a seasoned cybersecurity executive, board leader, governance fellow, venture capital investor and advisor—will be joining the TriNet board effective May 27, 2021. Additionally, Shawn Guertin will be leaving the board on May 27 as he moves into his new position as Executive Vice President and Chief Financial Officer for CVSHealth

"Myrna brings a wonderful breadth and depth of knowledge, skills and experience to TriNet. She has a remarkable success record as a board member and executive leader, first-hand knowledge of many of the struggles growing businesses face and is an expert technology advisor. She is a fantastic advocate for the small and medium-size businesses we serve and a great resource for TriNet leadership," said TriNet President and CEO Burton M. Goldfield.

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. Her experience also includes leadership and advisory roles with Comcast Corp., MGM Resorts International, Royal Caribbean Cruises, American Express and Norwegian Cruise Lines, among others. 

"I am dedicated to helping companies realize their full potential and now, more than ever, small and medium-size businesses need our support to reach that potential," said Soto. "TriNet's mission is to power business success through extraordinary HR, and I am excited to work alongside them, my fellow board members, and the entire TriNet team to help these businesses succeed."

Soto earned a Master of Business Administration and a Master of Science from Nova Southeastern University, as well as a Bachelor of Arts in Psychology from Florida International University. She also holds a master certificate in project management and information technology management from The George Washington University School of Business.

Goldfield added, "Shawn's healthcare leadership experience has been a tremendous asset to TriNet, our colleagues and our customers, but we couldn't be happier for him and wish him the best of luck." 

About TriNet
TriNet (NYSE: TNET) provides small and medium size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most—growing their business. TriNet, incredible starts here. For more information, visit TriNet.com or follow us on Twitter.

Investors:

Media:

Alex Bauer

Renee Brotherton

TriNet

TriNet

Investorrelations@TriNet.com  

PR@TriNet.com

(510) 875-7201

(408) 646-5103

TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/trinet-announces-appointment-of-veteran-board-member-business-leader-and-venture-capitalist-myrna-soto-to-its-board-of-directors-301299784.html

SOURCE TriNet Group, Inc.

FAQ

Who is Myrna Soto and what will she bring to TriNet?

Myrna Soto is a seasoned executive with over 30 years of experience in management and advisory roles. She will bring expertise in cybersecurity and governance, enhancing support for small and medium-sized businesses at TriNet.

What is the significance of Shawn Guertin leaving TriNet's board?

Shawn Guertin's departure to become CFO of CVSHealth raises concerns about continuity in financial leadership at TriNet, which could impact strategic direction.

When do the board changes at TriNet take effect?

The changes to TriNet's board of directors take effect on May 27, 2021.

How might Myrna Soto's experience benefit TriNet?

Myrna Soto's extensive background in various industries and her advocacy for small businesses may provide TriNet with valuable insights and strategies to better assist its clients.

TRINET GROUP, INC.

NYSE:TNET

TNET Rankings

TNET Latest News

TNET Stock Data

4.41B
48.80M
1.56%
95.48%
3.36%
Staffing & Employment Services
Services-business Services, Nec
Link
United States of America
DUBLIN