Insperity Appoints Two New Independent Directors to Board
03 December 2019 - 8:43AM
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 board of directors has
appointed Latha Ramchand and John Lumelleau as new independent
directors.
“We are excited to add depth and diversity of experience to our
board with the addition of Latha and John. Beyond her finance
background, Latha’s experience with entrepreneurship and
generational changes bolsters our board’s insight into an important
part of our client base,” said Paul J. Sarvadi, chairman and chief
executive officer. “John led the growth of the world’s largest
privately held insurance brokerage firm, bringing to our board his
experience with risk management and handling the challenges faced
by growth-oriented organizations.”
Dr. Ramchand has been appointed as a Class I director with a
term expiring at our annual meeting of the stockholders in 2020.
Mr. Lumelleau has been appointed as a Class II director with a term
expiring at our annual meeting of the stockholders in 2021.
Dr. Ramchand has served as Executive Vice Chancellor and Provost
at the University of Missouri since her appointment in August 2018.
Previously, Dr. Ramchand served as dean of the C.T. Bauer College
of Business of the University of Houston from 2011 to 2018. Prior
to her deanship, she served as associate dean from 2006. During her
tenure as dean, Bauer College grew enrollment to over 6,400
students, oversaw the creation of a social entrepreneurship
program, expanded programs in entrepreneurship and technology
commercialization, and created a venture fund and a start-up
accelerator. Dr. Ramchand held various professorships with the
Bauer College from 1993 until her promotion to associate dean. Dr.
Ramchand is also a certified financial analyst and currently serves
on the advisory board of the CFP Board of Standards since 2018. She
received her Ph.D., Finance, from the Kellogg Graduate School of
Management of Northwestern University in 1993, her M.A., Economics,
from the University of Bombay in 1983 and a B.A., Economics, also
from the University of Bombay in 1981.
Mr. Lumelleau served as the president and chief executive
officer of Lockton, Inc., the largest privately held independent
insurance broker and a top 10 insurance broker globally, from 2002
until his retirement in 2017. Since his retirement, he has served
as an independent advisor to Lockton and continues to serve on the
board of directors of Lockton. In 2019, he also became chairman of
the board of Orchid Underwriters Agency, LLC, a leading specialty
underwriter of catastrophe exposed property insurance, and is a
member of the management advisory board of TowerBrook Capital
Partners. While he served as president and chief executive officer,
Lockton’s revenues grew from $92 million to $1.4 billion and it
expanded from 7 offices to 85 offices globally. Previously, he
served as president of Lockton from 2000-2002 and as operations
executive from 1997 to 1999. Prior to joining Lockton, Mr.
Lumelleau held various roles at Alexander & Alexander, Inc. and
its successor, AON Risk Services, from 1976 until 1997, including
executive vice president of global retail sales. He currently
serves on the Board of Trustees of Fordham University, the Board of
Directors of The Council of Insurance Agents and Brokers, and the
Board of Overseers of the St. John’s University School of Risk
Management & Actuarial Sciences. Mr. Lumelleau holds a Bachelor
of Arts from Fordham University.
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 33 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 Traditional Payroll and Human
Capital Management, Time and Attendance, Performance Management,
Organizational Planning, Recruiting Services, Employment Screening,
Expense Management, Retirement Services and Insurance Services.
Insperity business performance solutions support more than 100,000
businesses with over 2 million employees. With 2018 revenues of
$3.8 billion, Insperity operates in 78 offices throughout the
United States. For more information, visit
http://www.insperity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191202005955/en/
Investor Relations Contact: Douglas S. Sharp Senior Vice President
of Finance, Chief Financial Officer and Treasurer (281) 348-3232
Investor.Relations@Insperity.com
News Media Contact: Suzanne Haugen Public Relations
Manager (281) 312-3543 Media@Insperity.com
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