TriNet appoints tech veterans Kennedy and Ranganathan to board

DUBLIN, Calif. - TriNet Group Inc. (NYSE:TNET), a provider of human resources solutions for small and medium-sized businesses, announced on Tuesday the appointment of Janet Kennedy and Madhu Ranganathan to its Board of Directors, effective immediately.

Kennedy brings over 30 years of experience in digital and technology transformations. She most recently served as Vice President, North America Regions of Google Cloud at Alphabet, Inc. Her previous roles include leadership positions at Microsoft Corporation and IBM Corporation. Kennedy currently serves on the boards of Canadian Pacific Kansas City Limited (NYSE:CP) and Duluth Holdings Inc. (NASDAQ:DLTH).

Ranganathan recently retired as President, Chief Financial Officer, and Leader of Corporate Development at OpenText, where during her seven-year tenure the company’s revenue grew from $2.4 billion to over $5 billion. Prior to OpenText, she served as Chief Financial Officer at [24]7.ai, a company specializing in AI and machine learning for customer experience. Ranganathan currently serves on the boards of Bank of Montreal (TSX:BMO) and Akamai Technologies (NASDAQ:AKAM). According to InvestingPro data, Akamai maintains strong financial health with a current ratio of 2.31 and generates annual revenue of $4.1 billion. InvestingPro analysis suggests Akamai is currently undervalued, with 21 analysts recently revising their earnings estimates upward.

"Their exceptional track records in digital and technology transformation, and in finance and artificial intelligence will be an excellent complement to our distinguished Board," said TriNet Chairman David Hodgson in the company’s press release.

Both executives join TriNet’s board as the company continues to execute its strategic priorities in the human resources solutions market.

In other recent news, Akamai Technologies reported strong second-quarter results, surpassing analyst expectations. The company’s delivery segment experienced significant growth, contributing to the overall positive performance. Akamai also provided an optimistic outlook for the third quarter of 2025, further boosting investor confidence. Following these results, DA Davidson reiterated its Buy rating with a $115 price target, while TD Cowen increased its price target to $98, maintaining a Hold rating. However, Piper Sandler expressed concerns over free cash flow, lowering its price target to $83 but keeping a Neutral rating. Raymond James also adjusted its price target downward to $84, despite maintaining an Outperform rating, citing the continued rebound in the delivery business. Additionally, Akamai launched a new Managed Service for API Performance, aiming to enhance API speed and reliability for businesses. This service offers continuous testing and expert analysis to address performance issues in complex digital environments.

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