#United States #New York #TrueBlue #EHS Management #Nominees

EHS Management Proposes New Directors for TrueBlue Board

EHS Management, a notable shareholder in TrueBlue, Inc., has recently announced its nomination of three highly qualified candidates to join the Board of Directors. This move is intended to address ongoing concerns surrounding the board's effectiveness and expertise. EHS Management, which seeks to enhance shareholder value, highlights the necessity for a more diverse range of experience and skills within the current board to drive TrueBlue forward effectively.

In a letter addressing both the board and shareholders, EHS expressed its support for the appointment of the two new directors. However, it underscored the continuing gaps in essential expertise that exist, particularly in key operational areas such as staffing, digital product leadership, and capital allocation. According to EHS, these are vital for reversing TrueBlue's diminishing market share in the staffing industry and ensuring the company's strategic investments yield positive results.

The letter emphasized that merely adding new directors is insufficient without a comprehensive plan for refreshing the Board. EHS raised concerns that the appointment of new members could serve as an entrenchment strategy for long-serving directors who might resist necessary changes in leadership and strategy. It posed the pressing question of whether shareholders are being truly represented or whether the current board is focused on preserving the status quo.

The EHS Nominees
To facilitate a meaningful transformation, EHS has carefully chosen three nominees:

1. Wayne Larkin - A seasoned executive with extensive experience in the staffing sector, previously serving as President and COO of PeopleReady, one of TrueBlue's subsidiaries. Larkin's track record includes significant revenue growth and operational improvements.

2. David Fleischman - An expert in digital transformation, Fleischman has held pivotal roles in high-profile tech companies. His leadership helped reshape product development and user experience strategies, which could be critical for TrueBlue's digital initiatives.

3. Eric H. Su - The founder of EHS Investments, Su brings substantial experience in capital markets and strategic investment. His background includes driving major transactions and understanding the financial landscapes essential for staffing agencies.

EHS believes that these nominees are not only equipped to fill the gaps previously mentioned but also bring a shareholder perspective that is crucial for the board's decision-making processes. The nomination of these individuals is framed as part of a broader strategy to enhance the Board's capabilities in areas such as staffing excellence, digital transformation, and disciplined capital allocation.

Concerns about Board Direction
Despite welcoming the recent changes in board composition, EHS Management remains skeptical about TrueBlue's commitment to genuine improvement. The organization stresses that it is the shareholders who should ultimately have the authority to determine the necessity for board changes. Therefore, it is crucial for TrueBlue's current leadership to engage with shareholders to gauge their expectations for the company's governance.

In light of these developments, EHS is soliciting shareholder support for its slate of nominees ahead of the 2026 annual meeting. The hope is that these new additions will not only bring their wealth of experience but also foster a new sense of accountability and innovation within the Board. Ultimately, EHS aims to see TrueBlue positioned for strong and sustainable long-term success, benefiting all stakeholders involved.

The next steps are geared towards a public discussion regarding these nominations, allowing shareholders to consider the proposed changes that EHS Management believes are imperative for TrueBlue’s reaffirmed growth trajectory.

Conclusion
As the situation unfolds, TrueBlue's shareholders will be observing closely. The impetus for change, facilitated by EHS Management, highlights a critical moment for TrueBlue to pivot towards more effective governance and operational excellence. The proposed nominees stand as a testament to EHS's commitment to not only improve the Board's oversight capabilities but also reinvigorate TrueBlue's strategic goals in a competitive landscape.