TriNet Adds Fortinet’s Ken Goldman to Board of Directors
HR outsourcing provider brings in one of the most sought-after directors in Silicon Valley.
SAN LEANDRO, Calif. (December 14, 2009) TriNet, a provider of payroll, benefits and human resources outsourcing services to small businesses, today announced the appointment of Ken Goldman to the PEO’s six-member board of directors. Goldman, currently the CFO of network security provider Fortinet, brings more than 35 years of financial, operational and business management experience to TriNet’s board.
“Ken’s addition to our board is a big win for TriNet, as he is one of the most sought-after directors in Silicon Valley,” said Martin Babinec, TriNet’s founder and chairman. “Ken’s track record in both operating CFO and board roles has been distinguished by his ability to help a number of high-growth companies navigate toward long-term success. He is a great fit to enter at this stage of TriNet's growth and will provide a lasting contribution to our company.”
Goldman joins current TriNet directors Babinec, H. Raymond Bingham, David C. Hodgson, Wayne Lowell and Burton M. Goldfield, TriNet’s President and CEO.
“TriNet is an important player in the developing PEO industry and there’s potential to significantly expand market share,” Goldman said. “The active engagement of TriNet’s board and the commitment displayed by the management team were also key drivers behind my decision to join the organization.”
Goldman has been with Fortinet since 2007, and prior to that, held CFO positions at Siebel Systems, Excite@Home, Sybase, Cypress Semiconductor and VLSI Technology. Goldman helped grow VLSI’s revenues from $0 to $500 million in nine years and helped take the company public in 1983. He joined Sybase shortly after its IPO and helped the company reach $1 billion in revenue. Goldman also took Excite@Home public, in 1997, while increasing its revenues to $150 million. He managed 500 employees while at Siebel, overseeing IT, HR, Sales, Legal and Finance, for six years, until the close of Oracle's acquisition in January 2006.
“We’re delivering on both organic and inorganic growth and Ken’s experience in growth-oriented companies and public offerings align well with our future plans,” said Goldfield. “We’re also laser-focused on delivering solutions to address the unique needs of vertical markets, and Ken’s insight will be valuable to further distance ourselves from the industry standard of a one-size-fits-all offering.”
Goldman earned his bachelor's degree in electrical engineering from Cornell University and a master's in business administration from Harvard. He is a member and the former president of The Financial Executive Institute, Santa Clara chapter, and was a four-year member of the Financial Accounting Standards Board Advisory Council. He serves on the boards of other public and private companies and is a Trustee of Cornell.
want to help companies hold on to the talent that they have, so that employees aren’t motivated to look for greener pastures as employment opportunities expand. Ensuring that a company’s retention strategies are in place now will help improve the overall level of satisfaction of today’s workforce.”
About TriNet
TriNet provides strategic, cost-effective payroll, benefits, and HR outsourcing services to companies throughout the United States and Canada. TriNet specializes in helping small businesses reach their corporate goals and become destinations for top talent, enabling them to compete successfully with larger, more established organizations. TriNet’s comprehensive offerings include HR administration, online employee benefits administration and support, employer risk management, payroll processing, tax compliance, workers compensation, group health benefits, and strategic human capital consulting services. For more information, please visit http://www.trinet.com.