Insperity Announces Upcoming Retirement of President Richard G. Rawson & Appointment of James D. Allison as Senior Vice Presi...
January 08 2018 - 8:00AM
Business Wire
Insperity, Inc. (NYSE: NSP), a leading provider of human
resources and business performance solutions for America’s best
businesses, today announced that its president, Richard G. Rawson,
has elected to retire on May 18, 2018, after having served as an
executive officer of Insperity for over 28 years. As president, Mr.
Rawson has led the company’s gross profit enhancement division and
managed the company’s relationships with insurance carriers. Mr.
Rawson will continue to serve as a member of Insperity’s board of
directors.
“For over a quarter century, Richard’s leadership and
contributions have been significant to the growth and profitability
of Insperity,” said Paul J. Sarvadi, the company’s chairman and
chief executive officer. “On behalf of the Board of Directors, I
want to extend our deep appreciation to Richard for his commitment
and contributions to the success of Insperity over these many
years, and we wish him the very best in his well-earned retirement.
We also look forward to Richard’s continued service as a member of
the board of directors.”
Insperity also announced the appointment of James D. Allison as
senior vice president of gross profit operations, which will also
be effective on May 18, 2018, at which time he will begin reporting
directly to Mr. Sarvadi. Mr. Allison, who is 49 years old, joined
Insperity in 1997 and has served as Insperity’s senior vice
president of pricing and cost analysis since 2011. Prior to his
current position, Mr. Allison, a certified public accountant, held
various senior positions in Insperity’s finance department.
“Jim has had a distinguished career here at Insperity,” said Mr.
Rawson. “For the last seven years, Jim has been a key member of our
gross profit enhancement division, and he has done an outstanding
job in his current role of leading the company’s pricing and direct
cost analysis teams. In this new role, Jim will assume my current
responsibilities over the company’s gross profit drivers, which
include the company’s pricing, benefits plans, and workers
compensation and other insurance programs. I look forward to
continuing to work with Jim over the next several months as he
transitions into this expanded role and thereafter as a board
member offering him support in the management of Insperity’s
strategic insurance relationships.”
Insperity, a trusted advisor to America’s best businesses for
more than 31 years, provides an array of human resources and
business solutions designed to help improve business performance.
Insperity® Business Performance Advisors offer the most
comprehensive suite of products and services available in the
marketplace. Insperity delivers administrative relief, better
benefits, reduced liabilities and a systematic way to improve
productivity through its premier Workforce Optimization® solution.
Additional company offerings include Human Capital Management,
Payroll Services, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Financial Services, Expense Management, Retirement Services and
Insurance Services. Insperity business performance solutions
support more than 100,000 businesses with over 2 million employees.
With 2016 revenues of $2.9 billion, Insperity operates in 62
offices throughout the United States. For more information, visit
http://www.insperity.com.
The statements contained herein that are not historical facts
are forward-looking statements within the meaning of the federal
securities laws (Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934). You can
identify such forward-looking statements by the words “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,” “likely,”
“possibly,” “probably,” “goal,” “opportunity,” “objective,”
“target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,”
“indicator” and similar expressions. Forward-looking statements
involve a number of risks and uncertainties. In the normal course
of business, Insperity, Inc., in an effort to help keep our
stockholders and the public informed about our operations, may from
time to time issue such forward-looking statements, either orally
or in writing. Generally, these statements relate to business plans
or strategies, projected or anticipated benefits or other
consequences of such plans or strategies, or projections involving
anticipated revenues, earnings, unit growth, profit per worksite
employee, pricing, operating expenses or other aspects of operating
results. We base the forward-looking statements on our
expectations, estimates and projections at the time such statements
are made. These statements are not guarantees of future performance
and involve risks and uncertainties that we cannot predict. In
addition, we have based many of these forward-looking statements on
assumptions about future events that may prove to be inaccurate.
Therefore, the actual results of the future events described in
such forward-looking statements could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: (i) adverse
economic conditions; (ii) regulatory and tax developments and
possible adverse application of various federal, state and local
regulations; (iii) the ability to secure competitive replacement
contracts for health insurance and workers’ compensation insurance
at expiration of current contracts; (iv) cancellation of client
contracts on short notice, or the inability to renew client
contracts or attract new clients; (v) vulnerability to regional
economic factors because of our geographic market concentration;
(vi) increases in health insurance costs and workers’ compensation
rates and underlying claims trends, health care reform, financial
solvency of workers’ compensation carriers, other insurers or
financial institutions, state unemployment tax rates, liabilities
for employee and client actions or payroll-related claims; (vii)
failure to manage growth of our operations and the effectiveness of
our sales and marketing efforts; (viii) the impact of the
competitive environment in the PEO industry on our growth and/or
profitability; (ix) our liability for worksite employee payroll,
payroll taxes and benefits costs; (x) our liability for disclosure
of sensitive or private information; (xi) our ability to integrate
or realize expected returns on our acquisitions; (xii) failure of
our information technology systems; (xiii) an adverse final
judgment or settlement of claims against Insperity; and (xiv)
disruptions to our business resulting from the actions of certain
stockholders. These factors are discussed in further detail in
Insperity’s filings with the U.S. Securities and Exchange
Commission. Any of these factors, or a combination of such factors,
could materially affect the results of our operations and whether
forward-looking statements we make ultimately prove to be
accurate.
Except to the extent otherwise required by federal securities
law, we do not undertake any obligation to update our
forward-looking statements to reflect events or circumstances after
the date they are made or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: http://www.businesswire.com/news/home/20180108005460/en/
Insperity, Inc.Investor Relations Contact:Douglas
S. Sharp, (281) 348-3232Senior Vice President of Finance,Chief
Financial Officer and TreasurerorNews Media Contact:Suzanne
Haugen, (281) 312-3543Public Relations
Managersuzanne.haugen@insperity.com
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