Barrett Business Services, Inc. (BBSI) has announced the establishment of a new vice chairman role on its board of directors and the appointment of current board member Joseph S. Clabby to this position. Clabby, who joined BBSI as a director in September 2022, brings over twenty years of experience, including senior executive positions at Ace Limited, Chubb, and other leading insurance and reinsurance organizations.
BBSI, a leading provider of business management solutions and one of the largest professional employer organizations in the U.S., operates with more than 8,000 clients across all lines of business and is licensed to operate in all 50 states. The company's integrated platform offers expertise in payroll processing, employee benefits, workers' compensation coverage, risk management, workplace safety programs, and human resource administration.
Under Clabby's leadership, the company looks forward to continuing its growth and success, positioning the business for enhanced value creation. This move reflects the company's commitment to board development and succession planning, recognizing Clabby's contributions to BBSI's continued success through his thoughtfulness, business acumen, and leadership.
As BBSI continues to evolve under Clabby's guidance, investors and stakeholders will be keen to see how the company's financial metrics, such as revenue, profitability, and operational efficiency, change in the coming quarters. Today the company's shares have moved -1.4% to a price of $43.1. Check out the company's full 8-K submission here.
