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BBSI Appoints Joseph S. Clabby as Chairman of the Board

1. Joseph S. Clabby appointed Chairman; Tony Meeker remains on the board. 2. Clabby previously served as Vice Chairman and has extensive industry experience. 3. BBSI's operational platform is crucial for client business efficiency. 4. Since 1993, Meeker's leadership significantly contributed to BBSI's growth. 5. BBSI partners with over 8,100 clients across the U.S.

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FAQ

Why Bullish?

Leadership transitions, especially with experienced individuals like Clabby, often bolster investor confidence. Historical trends indicate that stable leadership can positively affect stock performance, as seen with companies like Starbucks and Apple.

How important is it?

The announcement signals stability and forward momentum within BBSI, impacting investor sentiment positively. Leadership changes of this nature usually resonate well with market participants, especially with a respected figure like Clabby leading the charge.

Why Long Term?

The appointed Chairman's strategic influence can shape BBSI's future direction and operational success, leading to sustained growth potential over time. Similar cases in other companies show that effective leadership changes yield long-lasting impacts.

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CBPAYXADP
June 04, 2025 16:23 ET  | Source: Barrett Business Services Inc Anthony Meeker to Continue as Director VANCOUVER, Wash., June 04, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., today announced that Joseph S. Clabby has been appointed Chairman of the Board of Directors. He succeeds Tony Meeker, who will continue to serve as a member of the board. "On behalf of the board and leadership team, I want to thank Tony for his longstanding service and steady leadership as Chairman," said Clabby. "Tony has served on BBSI’s Board since the company went public in 1993, and his contributions have been instrumental to our growth and success. It is an honor to step into this role and help guide BBSI forward as we build on the company’s strong foundation and momentum." Meeker added: "Joe has consistently brought strategic insight and sound judgment to the board since joining. His deep industry knowledge and thoughtful leadership make him an excellent choice to serve as Chairman. I look forward to continuing to work with him and the board in support of BBSI’s long-term success." Clabby was appointed Vice Chairman of the Board in December 2024, following his initial appointment as a director in September 2022. He spent over two decades with ACE Limited and then Chubb (NYSE: CB) following its merger with ACE, holding a variety of senior executive positions, including board roles at several affiliated companies. The Vice Chairman role will not be filled at this time. About BBSI BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The company’s integrated platform is built upon expertise in payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI’s partnerships help businesses of all sizes improve the efficiency of their operations. The company works with more than 8,100 PEO clients in all 50 states. For more information, please visit www.bbsi.com. Investor Relations:Gateway Group, Inc.Cody Slach Tel 1-949-574-3860 BBSI@gatewayir.com

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