TrueBlue Executes Strategic Plan for Sustainable Profit Growth
TrueBlue issued the following statement in response to the comments made by, and nominations from, EHS Management: "TrueBlue is executing a disciplined and decisive plan that is leading to improved financial results, and the Company is well on its way to returning to sustainable, profitable growth. Under our strategic plan, TrueBlue has strengthened performance in attractive end markets, particularly within skilled businesses, while streamlining our cost structure to deliver stronger leverage and enhanced profitability. We also continue to demonstrate digital leadership with enterprise-wide enhancements to our proprietary technology platforms driving faster, more precise and transparent workforce solutions. This reflects our ongoing commitment to improved profitability through operational efficiency, technology leverage and sustainable margin expansion. With continued disciplined execution, TrueBlue is well-positioned to capitalize on a large, fragmented staffing market and deliver greater shareholder value as the market recovers. The Board is committed to effective corporate governance and to positioning TrueBlue for long-term success. 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 dedicated months to engaging with shareholders to inform its most recent refreshment process, which resulted in the appointments of William Greenblatt and William Seward, two highly qualified professionals with decades of industry experience and proven operational and commercial expertise. TrueBlue also announced that two existing directors will step down from the Board at or before the 2026 Annual Meeting of Shareholders. These appointments and planned retirements - which were endorsed by TrueBlue's largest shareholder - reflect TrueBlue's ongoing commitment to evolving the composition of its Board to strengthen operational oversight, accelerate growth and transformation, and incorporate shareholder feedback. As part of this refreshment process, the Board and leadership team engaged substantively with Eric Su of EHS to articulate the changes underway. In fact, the Board made Eric Su aware of its refreshment plans, well in advance of Mr. Su publicly stating that he intended to nominate directors to the TrueBlue Board. As part of those constructive efforts, the Board interviewed numerous candidates, including Mr. Su, and ultimately determined that William Greenblatt and William Seward are superior directors with the right skill sets to advance the Company's strategy and enhance the value of TrueBlue. It is unfortunate that EHS is now waging a costly and disruptive proxy contest when change and momentum are already in progress under the direction of the Board. Today, the TrueBlue Board of Directors comprises qualified professionals with deep industry, operational and financial expertise. Together, these directors bring experience and perspectives critical to executing TrueBlue's long-term growth strategy. The TrueBlue Board and management team are committed to serving the best interests of all our shareholders. We remain open to constructive feedback, and we will continue to take actions that drive long-term value creation for all our shareholders."
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TrueBlue Executes Strategic Plan to Enhance Profitability
- Financial Performance Improvement: TrueBlue is executing a disciplined strategic plan that has strengthened performance in attractive markets, particularly in skilled sectors, thereby driving a return to sustainable profitable growth.
- Cost Structure Optimization: By streamlining its cost structure, the company has enhanced profitability and leverage, indicating a strengthened market position in the competitive staffing industry.
- Board Refreshment: After months of engaging with shareholders, TrueBlue appointed two new directors with extensive industry experience to enhance operational oversight and accelerate company transformation.
- Digital Leadership: The enterprise-wide enhancements to the company's technology platforms are driving faster, more precise, and transparent workforce solutions, further solidifying its digital leadership in the industry.

EHS Management Nominates New Directors to Strengthen TrueBlue Board Expertise
- New Board Members: EHS Management welcomes the addition of two new directors to TrueBlue's board, which underscores broad recognition of the issues raised, yet further enhancements are necessary to improve board expertise and shareholder value.
- Experience Gaps: TrueBlue's board lacks seasoned independent staffing executives, digital platform leaders, and capital allocation expertise, which are critical for reversing the company's ongoing loss of market share.
- Shareholder Involvement: EHS Management believes shareholders should determine the level of board refreshment needed to ensure that new candidates' skills can enhance the board's capabilities and independence to better address the challenges facing the company.
- Nominated Candidates: EHS Management has nominated three candidates with extensive industry experience, focusing on staffing excellence, digital transformation, and disciplined capital allocation, aiming to fill the skills gaps on the board and drive long-term success for the company.






