Trueblue's CEO resigns on violation of company policies and conduct, shares fall

Trueblue

15/06/2022 16:01

** Shares of workforce solutions provider Trueblue Inc
 TBI.N  fall as much as 2% to $19.18; last down 1.3%
    ** Company in a regulatory filing says CEO Patrick Beharelle
resigned from his position effective June 14  urn:newsml:reuters.com:*:nFWN2Y20G0
    ** TBI says Beharelle resigns following an investigation led
by outside counsel into allegations about his conduct
    ** Company adds based on the investigation, the board
determined he engaged in behaviors that violate TrueBlue's
policies and code of conduct
    ** Beharelle's conduct in question was not related to
financial controls, financial statements or business performance
    ** Steven Cooper who was the former CEO and is the current
chairman of TBI has been named CEO
    ** Stock has fallen ~30% this year
    ** Beharelle did not immediately respond to a LinkedIn
message seeking comment

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))