Insperity CFO Sharp to retire

Insperity announced that its executive vice president of finance, chief financial officer and treasurer, Douglas S. Sharp, has elected to retire on November 15, 2024, after having served as the chief financial officer of Insperity for 21 years. Insperity also announced the appointment of James D. Allison as Mr. Sharp’s successor, which will also be effective on November 15, 2024. Mr. Allison, who currently serves as executive vice president of comprehensive benefit solutions and chief profitability officer, first joined Insperity in 1997 and worked in various roles of increasing responsibility in its finance department until 2011. Mr. Allison was promoted to Senior Vice President of Pricing and Cost Analysis in 2011. In 2018, in connection with a further promotion, he assumed responsibilities for the company’s gross profit drivers, including pricing, benefit plans, retirement solutions, and workers’ compensation programs. Prior to joining Insperity, Mr. Allison, a certified public accountant, was an auditor for Ernst & Young LLP. Insperity expects that Mr. Allison will retain oversight of the business functions that he currently leads while also adding the responsibilities of his new role. “Doug has played a key role in helping Insperity deliver growth and profitability over the past two decades,” said Paul J. Sarvadi, the company’s chairman and chief executive officer. “On behalf of the Board of Directors and our management team, I want to express our sincere appreciation to Doug for his dedication to the success of Insperity over these many years, and we wish him the very best in his well-earned retirement. I am also pleased that Jim will succeed Doug as CFO, which I believe is a testament to our succession planning. I am confident that Jim is the right leader for this role as we focus on the future of our business and consolidate our gross profit operations and finance departments under a single executive officer.”