Industrial Staffing Report: June 16, 2022

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TrueBlue CEO resigns

TrueBlue Inc. (NYSE: TBI) CEO Patrick Beharelle resigned from the chief executive role as well as from his position on the company’s board. Beharelle stepped down following an investigation by outside counsel into allegations regarding his conduct.

“Based on the investigation’s findings, the board of directors determined that he had engaged in behaviors that violated TrueBlue’s policies and code of conduct,” according to a statement released by TrueBlue’s PeopleReady division. “Mr. Beharelle’s conduct in question was not related to financial controls, financial statements or business performance.”

Beharelle will not receive any severance payment, according to a filing with the US Securities and Exchange Commission.

Tacoma, Washington-based TrueBlue, which SIA ranks as the fifth-largest industrial staffing firm in the US, said current board chairman and former CEO Steven Cooper has been appointed as CEO.

“At TrueBlue, our values are paramount to the way in which we do business, and the board of directors has high standards for employees at every level of the organization,” Cooper said. “We believe Patrick’s resignation is in the best interests of the company and all its stakeholders.”

Cooper said he’s confident in the management team and he’s looking forward to returning as CEO.

“We have strong values, and we are committed to ensuring our employees and partners a vibrant workplace culture that is inclusive and welcoming,” he said.