Insperity Appoints New Independent Director
Insperity (NYSE: NSP), a leading provider of HR and business performance solutions for small and medium-sized businesses in America, has appointed Phil Wilmington as a new independent director on its board. Wilmington, who previously served as Vice Chairman of Workday, brings extensive experience in the HR services and software sector. He will serve as a Class I director on the Compensation Committee, with his term expiring in 2026. Chairman and CEO Paul J. Sarvadi emphasized Wilmington's potential to contribute to Insperity’s strategic growth and innovation.
- Insperity has appointed Phil Wilmington, a highly experienced executive, as an independent director.
- Phil Wilmington's background includes leadership roles in high-growth companies like Workday, Tidemark Systems, and PeopleSoft.
- The appointment reflects Insperity's focus on strategic growth through innovative solutions.
- Wilmington will serve on the Compensation Committee, potentially adding value in executive compensation and strategic planning.
- No immediate financial gains or operational improvements are mentioned.
- Wilmington’s term is set to expire in 2026, which may limit long-term strategic impact.
- The announcement lacks specific strategic initiatives or projects to be undertaken by Wilmington.
“The expansion of Insperity’s board of directors reflects the company’s continued focus on strategic growth through innovative solutions and best-in-class offerings,” said Paul J. Sarvadi, chairman and chief executive officer of Insperity. “Phil’s wealth of experience, most recently as Vice Chairman of Workday—a key strategic partner with Insperity—will provide invaluable insight and expertise to advance our mission of serving America’s best businesses.”
Mr. Wilmington has been appointed as a Class I director, serving on the Compensation Committee, with a term expiring at our annual meeting of the stockholders in 2026.
Mr. Wilmington's distinguished career in the HR services, human capital management and software sectors includes most recently serving as Vice-Chairman of Workday, Inc, from 2018 until his retirement in May 2024. His leadership at Tidemark Systems, Inc., as President and COO, his tenure as CEO of OutlookSoft, and his executive leadership positions at PeopleSoft demonstrate his profound impact on the HR software industry and his experience with innovative, growth-oriented companies.
"I am honored to serve in this important role and bring additional insights and guidance based on my experience at Workday and other high-growth companies,” Mr. Wilmington said. "I look forward to working with my new board colleagues to bring continued growth and success to the businesses Insperity serves."
About Insperity
Since 1986, Insperity’s mission has been to help businesses succeed so communities prosper. Offering the most comprehensive suite of scalable HR solutions available in the marketplace, Insperity is defined by an unrivaled breadth and depth of services and level of care. Through an optimal blend of premium HR service and technology, Insperity delivers the administrative relief, reduced liabilities and better benefit solutions that businesses need for sustained growth. With 2023 revenues of
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Investor Relations Contact:
Douglas S. Sharp
Executive Vice President of Finance,
Chief Financial Officer and Treasurer
281-348-3232
Investor.Relations@Insperity.com
News Media Contact:
Cynthia Murga
Director of Public Relations and Social Media
713-324-1414
Media@Insperity.com
Source: Insperity, Inc.
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