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Benzinga
Benzinga
Business
Akanksha Bakshi

Patrick Beharelle Resigns As TrueBlue CEO Over Conduct Violations

TrueBlue TBI NYSE
  • TrueBlue Inc (NYSE:TBI) stated that Patrick Beharelle resigned as Chief Executive Officer and a Board member, effective June 14, 2022.
  • TBI has appointed Steven C. Cooper, its current Chairman, and former CEO, to serve as CEO.
  • Beharelle's resignation follows an investigation led by outside counsel into allegations regarding his conduct.
  • Based on the investigation's findings, the Board determined that he had engaged in behaviors that violated TrueBlue's policies and Code of Conduct.
  • The company specified that the conduct in question was unrelated to financial controls, financial statements, or business performance.
  • Price Action: TBI shares are trading lower by 5.25% at $18.58 on the last check Wednesday.
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