TriNet Appoints Wayne Lowell to Board of Directors
SAN LEANDRO, Calif. (August 11, 2009) TriNet, a leading provider of payroll, benefits and human resources outsourcing services to small businesses, today announced the appointment of Wayne Lowell to the company’s five-member board of directors. Lowell brings more than 20 years of health care and transportation experience to TriNet’s board.
“Wayne has a proven track record of driving value and market share for high-growth organizations,” said Burton M. Goldfield, TriNet’s president and CEO. “His exceptional background in finance and accounting, combined with his experience in the health care field, will serve us well as TriNet accelerates its growth strategy.”
Lowell currently serves as president of Jonchra Associates LLC, where he advises public and private equity sponsored organizations on strategic, financial and operating issues. Lowell joins current TriNet directors Martin Babinec, H. Raymond Bingham, Burton M. Goldfield and David C. Hodgson.
Throughout his career, Lowell has helped companies dramatically increase their profitability, cash flow and market value. At PacifiCare, he held roles as Executive Vice President, CFO and Chief Administrative Officer, and his efforts helped PacifiCare grow to $4 billion in market capitalization and a FORTUNE 200 ranking.
“The U.S. economy is shifting toward favoring service organizations and TriNet is one of a handful of companies who are ahead of this trend by providing clients with the human capital tools and best practices needed to manage their most valuable assets, which gives them the ‘people advantage’ and a competitive edge,” Lowell said. “I’m enthusiastic about joining TriNet and contributing to its success.”
Lowell has served on the boards of directors of many public and private companies and currently sits on the board of InSight Health Services Holdings Corp. Lowell, a CPA, earned an MBA with honors from the University of California at Irvine. He graduated summa cum laude from the University of Maryland with a bachelor’s degree in accounting. The Institute of Management Accountants named Lowell “CFO of the Year” in 1991 and CFO Magazine honored him one of the top 100 CFOs in 1992.
“We are pleased to have Wayne join our board of directors,” said Babinec, TriNet’s founder and chairman. “He has considerable operating experience in industries similar to TriNet’s, as well as membership on boards at many other high-growth companies. He will be a tremendous asset to the team.”
As part of its quarterly release of services designed to help small businesses maximize their investments in human capital while minimizing employer risks, TriNet announced on Monday seven new products, including an elite recruiting service, a guided employee development program with extensive online training resources, and programs to support corporate ethics and compliance.About TriNet Group, Inc.
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 about TriNet, visit www.trinet.com.