TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced that its President, Chief Executive Officer and Board Member, Burton M. Goldfield is retiring from the company and Mike Simonds has been appointed his successor as President and CEO, and will also join the TriNet Board of Directors effective February 16, 2024.
Simonds most recently served as Executive Vice President and Chief Operating Officer at Unum Group, a Fortune 500 provider of workplace benefits and services. In this role, Mike was responsible for all of Unum’s active businesses, collectively a team of more than 8,000 colleagues dedicated to serving nearly 40 million workers and their families.
He previously served as President and CEO of Unum US, Unum Group’s largest business unit, as well as other management positions at Unum. During this time, Simonds helped to lead the company’s investments in a differentiated customer experience through HCM partnerships and expansion in voluntary benefits, dental, vision, and absence management solutions.
While retiring as President and CEO, Goldfield will continue as a special advisor to the company through March 31, 2025.
“On behalf of the board, the executive management team, and all TriNet employees, I would like to thank Burton for his incredible leadership and unwavering dedication to the Company’s success,” said TriNet Chairman, David Hodgson. “TriNet has experienced tremendous growth and undergone a significant transformation under Burton’s 15-year service as President and CEO.
He led us through our successful 2014 IPO, multiple strategic acquisitions, and the maturation of our business model and management team, creating a solid foundation for the future. TriNet, our people, our customers, our shareholders and our industry owe him a debt of gratitude.”
Hodgson added, “We are also thrilled to have Mike join TriNet as President and CEO. After an extensive search, the board concluded that Mike’s deep SMB industry and operational experience, strong leadership skills, knowledge of risk products, and extensive record of successfully building high-performing teams make him the right person to lead TriNet as it continues its growth.”
“After having the privilege of serving as TriNet’s President and CEO for more than 15 years, now is a perfect time for me to retire. It has always been my goal to build TriNet into an amazing and enduring company which we have achieved,” said Burton M. Goldfield. “It has been an honor to lead such a remarkable team and experience the growth and success we accomplished together, including our 10-year trajectory as a public company— and the prospects for 2024 and the future are very bright.”
Goldfield added, “The Board and I have every confidence in Mike to continue the momentum and capitalize on the unique opportunity in front of us. I want to thank my incredible colleagues, our outstanding board of directors, and our inspiring customers for their dedication and support throughout this magnificent and unforgettable journey.”
SOURCE: PRNewswire