SAN LEANDRO, Calif.–(BUSINESS WIRE)–Nov. 15, 2005–TriNet, a nationwide provider of human resource (HR) services for small and mid-sized companies, today announced the appointment of HR outsourcing pioneer Jim Madden to its board of directors.
Mr. Madden was Founder, Chairman, and Chief Executive Officer of Exult, Inc., the innovator and market leader in Human Resources Business Process Outsourcing (BPO) for Global 500 corporations. Now part of Hewitt Associates (NYSE:HEW), Exult has partnered with companies such as BP, International Paper, Prudential Financial, and BMO Financial Group. It has also served more than 600,000 employees with $20 billion in annual employee payments. Mr. Madden currently serves as Special Advisor to General Atlantic, one of the world’s leading private equity investment firms, which recently obtained a controlling interest in TriNet.
"TriNet has a unique and innovative approach to business process outsourcing, and the company’s market opportunities continue to multiply," Mr. Madden said. "I’m looking forward to joining forces with their management team and building upon TriNet’s success."
In recognition of his visionary leadership and impact to the outsourcing industry, PricewaterhouseCoopers and Michael F. Corbett & Associates named Mr. Madden the winner of the prestigious "2002 Outsourcing World Achievement Award." In March 2002, the Orange County Business Journal and Ernst & Young recognized his business leadership by awarding him an Excellence in Entrepreneurship Award.
"Jim’s extensive experience in the BPO industry is a great fit for us as we continue to make progress in expanding our market segment and serving larger companies," said Martin Babinec, TriNet’s Founder, President, and CEO. "We anticipate that Jim’s contributions will have long-term benefits for both TriNet and its customers."
About TriNet Group, Inc.
Founded in 1988, TriNet delivers outsourced human resources throughout the United States and Canada and specializes in serving technology, financial service, and professional service firms. Its offerings include human asset administration, employer risk management, online employee benefits administration and support, payroll processing, tax compliance, workers’ compensation, group health and welfare products, and strategic human capital consulting services. More than simply an HR services provider, TriNet contractually assumes certain legal and financial responsibilities regarding employer rights, legal compliance and risk management. For more information about TriNet, visit http://www.trinet.com.