TrueBlue, Inc. (NYSE: TBI) (“TrueBlue” or the “Company”) today announced the appointment of William Greenblatt and William Seward to the TrueBlue Board of Directors (the “Board”), effective January 5, 2026. The Board approved the appointment of these directors on December 1, 2025, and these new director appointments are the result of an extensive search process with the assistance of an independent recruitment firm and shareholder input.
Mr. Greenblatt is widely recognized as a pioneer in background screening and human capital innovation. He founded Sterling Infosystems, Inc. in 1975 and built the company into a globally scaled background-screening services provider. Under Mr. Greenblatt’s leadership as Chief Executive Officer and Chairman of the Board, Sterling transformed the hiring practices of employers worldwide, leading to acquisition of a majority interest by Goldman Sachs’ Merchant Banking Division in 2015. Mr. Greenblatt returned to his role as Chief Executive Officer in 2018 to advance growth and customer value. Today, he serves as Chair and Co-Founder of Montague Street Capital LLC, where he provides long-term capital and strategic expertise to help small and mid-sized business accelerate growth, with a focus on the business services sector.
Mr. Seward is a seasoned global executive with more than 30 years of leadership experience spanning logistics, supply chain, and global operations. He currently serves as Executive Vice President and Chief Operating Officer of Vestis Corporation, a $2.2 billion provider of uniforms and workplace supplies. Prior to Vestis, he spent over three decades at United Parcel Service, Inc. (“UPS”), where he held senior leadership roles including President of UPS Supply Chain Solutions and President of the Americas Region. Known for his established track record of driving growth and transformation, Mr. Seward brings industry-leading knowledge and expertise in managing complex organizations and leading teams across diverse markets.
“Both of these professionals are exceptional leaders with proven operational and commercial capabilities,” said Jeff Sakaguchi, Chair of the Board. “Together, they have consistently delivered customer success, operational excellence and meaningful growth in many of the sectors underpinning TrueBlue’s long-term strategic growth plan. Their perspectives will be invaluable to the Board and our leadership team as we continue strengthening our business, leading with innovation and enhancing client service to realize long-term, sustainable value for our shareholders.”
Richard Pzena, founder and Managing Principal of Pzena Investment Management, TrueBlue’s largest shareholder, said, “We are pleased to see the Company continue to evolve its Board to support a strategy that we believe is poised to deliver long-term growth and profitability. We believe both individuals are outstanding additions at the right time.”
As part of its ongoing refreshment program, two existing TrueBlue directors are expected to step down from the Board at or before the 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Following the Annual Meeting, the Board is expected to consist of nine directors, eight of whom are independent.
These appointments and planned retirements reflect TrueBlue’s ongoing commitment to evolving the composition of its Board to strengthen operational oversight, accelerate growth and transformation, and incorporate shareholder feedback. Over the past several years, TrueBlue has thoughtfully evolved the composition of its Board to align with the Company’s strategic priorities, enhance diversity of experience, and strengthen oversight capabilities across key areas, such as technology, workforce solutions, and operations. The Board is committed to effective corporate governance and to positioning TrueBlue for long-term success.
Barclays is serving as financial advisor to TrueBlue, and Sidley Austin LLP is serving as legal counsel.
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