About Insperity

Timothy Clifford
Independent Director
Chair – Compensation Committee
Member – Nominating and Corporate Governance Committee

Timothy Clifford

Independent Director, Chair – Compensation Committee, Member – Nominating and Corporate Governance Committee

Mr. Clifford, who is a Class II director, joined the Board of Directors in October 2016. He is Chair of the company’s Compensation Committee and a member of the Nominating and Corporate Governance Committee. Since June 2015, Mr. Clifford has served as president and chief executive officer of Frontline Education, a private-equity-backed cloud software company that manages human resources functions at over 7,500 public school districts in the U.S. Prior to joining Frontline Education, from 2010 through 2013, Mr. Clifford was a corporate officer and co-president of Automatic Data Processing (NYSE: ADP) National Accounts, a $2.5 billion human capital management software and services business serving the largest U.S. companies, and was the co-founder and chief executive officer of Workscape, Inc., a pioneering cloud software provider to the human capital management industry, from 1999 until its acquisition by ADP in 2010. Prior to founding Workscape, he held executive or senior leadership positions at HealthPlan Services, Consolidated Group and Prudential Insurance Company. From 2013 to 2015, he also served as a director and audit committee member of Carbonite Inc. (Nasdaq: CARB). Mr. Clifford holds a Bachelor's degree in liberal arts from Northeastern University in Boston.

Carol Kaufman
Independent Director
Member – Compensation Committee
Member – Nominating and Corporate Governance Committee

Carol Kaufman

Independent Director, Member – Compensation Committee, Member – Nominating and Corporate Governance Committee

Ms. Kaufman, who is a Class II director, joined the board of directors in November 2013. She is a member of the company’s Compensation Committee and a member of the Nominating and Corporate Governance Committee. Ms. Kaufman also served on the nominating and corporate governance committee from November 2013 until May 2016, serving as the chair of that committee and as lead independent director from May 2014 until May 2016.   Ms. Kaufman is the executive vice president, secretary, chief administrative officer and chief governance officer of The Cooper Companies, Inc., a global medical device company, where she has served since October 1995, including as vice president of legal affairs beginning in March 1996, senior vice president beginning in October 2004 and her current position beginning in July 2011. From January 1989 through September 1995, she served as vice president, secretary and chief administrative officer of Cooper Development Company, a former affiliate of The Cooper Companies, Inc.  Beginning in 1971, Ms. Kaufman held several financial positions, including deputy corporate controller, with Cooper Laboratories, Inc., the former parent of The Cooper Companies, Inc.  Ms. Kaufman also serves as a member of the western region advisory board for FM Global, the world’s largest property insurer.  Ms. Kaufman served as a director of Chindex, Inc. from November 2000 until September 2014, serving on its audit and compensation committees and as chair of its governance and nominating committee, and member of its special transaction committee until its sale in 2014 to TPG. Ms. Kaufman earned a Bachelor of Science degree in mathematics in 1971 from Boston University.

Ellen H. Masterson
Independent Director
Member – Finance, Risk Management and Audit Committee

Ellen H. Masterson

Independent Director, Member – Finance, Risk Management and Audit Committee
Ms. Masterson, who is a Class I director, joined the Board of Directors in September 2017.  She is a member of the company’s Finance, Risk Management and Audit Committee.  Since 2014, Ms. Masterson has served as an independent director of Westwood Holdings Group (NYSE:  WHG), an investment management firm with over $20 billion in assets under management, and Westwood Trust, a Texas state-chartered trust company. Ms. Masterson is the Chair of the audit committee of both WHG and Westwood Trust and serves as a member of the WHG governance committee. Ms. Masterson retired as a partner with PricewaterhouseCoopers LLP ("PwC") in 2008, having served in this capacity since 1999 and from 1985 to 1997. Ms. Masterson specialized in audits of companies involved in several sectors of the financial services industry and public companies with a focus on mergers and acquisitions. She held senior positions within the leadership of PwC from 2001 to 2008, including international responsibilities across the global network of PwC firms. From 1997 to 1999, Ms. Masterson served as senior vice president and chief financial officer of American General Corporation, prior to its acquisition by American International Group, Inc. Since 1982, she has served on numerous boards of non-profit and charitable organizations.
John Morphy
Independent Director
Member – Finance, Risk Management and Audit Committee

John Morphy

Independent Director, Member – Finance, Risk Management and Audit Committee
Mr. Morphy, who is a Class III director, joined the Board of Directors in May 2016. He is a member of the Finance, Risk Management and Audit Committee. Mr. Morphy previously served as senior vice president, chief financial officer, secretary and treasurer of Paychex, Inc. (NASDAQ:PAYX), a leading provider of payroll, human resource and benefits outsourcing solutions for small to medium-sized businesses, from October 1996 until June 2011, when he was appointed vice president of finance at Paychex until he retired in January 2012. As CFO of Paychex, Mr. Morphy reported directly to the CEO and was responsible for all finance, legal, shareholder relations, purchasing, real estate and travel functions. Prior to joining Paychex in 1995, he served as the chief financial officer of Goulds Pumps, Inc., a then-publicly traded global manufacturer of pumps for the industrial, commercial and water supply markets, from 1985 to 1993 and as group vice president over industrial products at Goulds through 1995. From 1976 to 1985, Mr. Morphy was vice president and controller for Computer Consoles, Inc., and before that he was an accountant at Arthur Andersen & Company. Mr. Morphy also previously served as a director of Inforte Corp., a then-publicly traded customer and demand management consultancy, from April 2003 to August 2004. He earned his Bachelor of Science degree in accounting from LeMoyne College and his certified public accountant certificate in 1973.
Richard G. Rawson
Management Director, President

Richard G. Rawson

Management Director, President

Mr. Rawson, president of the Company and its subsidiaries, is a Class III director and has been a director of the Company since 1989. He has been President since August 2003. Before being elected President, he served as Executive Vice President of Administration, Chief Financial Officer and Treasurer of the Company from February 1997 until August 2003. Prior to that, he served as Senior Vice President, Chief Financial Officer and Treasurer of the Company since 1989. Prior to joining the Company in 1989, Mr. Rawson served as a Senior Financial Officer and Controller for several companies in the manufacturing and seismic data processing industries. He has served the National Association of Professional Employer Organizations (“NAPEO”) as President, First Vice President, Second Vice President and Treasurer, as well as Chairman of the Accounting Practices Committee. Mr. Rawson has a Bachelor of Business Administration in finance from the University of Houston and currently serves as a member of the board for the C.T. Bauer College of Business.

Paul J. Sarvadi
Management Director
Chairman and Chief Executive Officer

Paul J. Sarvadi

Management Director, Chairman and Chief Executive Officer

Mr. Sarvadi, Chairman of the Board and Chief Executive Officer and co-founder of the Company and its subsidiaries, is a Class II director and has been a director since the Company’s inception in 1986. He has also served as the Chairman of the Board and Chief Executive Officer of the Company since 1989 and as President of the Company from 1989 until August 2003. He attended Rice University and the University of Houston prior to starting and operating several small companies. Mr. Sarvadi has served as President of the National Association of Professional Employer Organizations (“NAPEO”) and was a member of its Board of Directors for five years. In 2001, Mr. Sarvadi was selected as the 2001 National Ernst & Young Entrepreneur of the Year® for service industries. In 2004, he received the Conn Family Distinguished New Venture Leader Award from Mays Business School at Texas A&M University. In 2007, he was inducted into the Texas Business Hall of Fame.

Norman Sorensen
Independent Director
Member – Compensation Committee
Member – Finance, Risk Management and Audit Committee
Member – Nominating and Corporate Governance Committee

Norman Sorensen

Independent Director, Member – Compensation Committee, Member – Finance, Risk Management and Audit Committee, Member – Nominating and Corporate Governance Committee

Mr. Sorensen, who is a Class II director, joined the Board of Directors in March 2015. He is a member of the company’s Compensation Committee, a member of the Finance, Risk Management and Audit Committee, and a member of the Nominating and Corporate Governance Committee. Mr. Sorensen formerly served as chairman of the International Insurance Society, Inc., a professional organization for the insurance industry, from January 2010 until June 2013. Mr. Sorensen has served as a director of the International Insurance Society, Inc. since January 2005. Previously, from November 2011 until December 2012, he was chairman of the International Advisory Council of Principal Financial Group, Inc., a global financial investment management company. He was chairman of Principal International, Inc., serving from June 2011 to October 2012, and president and CEO of International Asset Management and Accumulation of Principal International, Inc., serving from January 2001 to June 2011. Mr. Sorensen has served as a director of Encore Capital Group, Inc., a consumer banking company, since November 2011, and serves as lead director of Codere S.A., a European entertainment company, since June 2016. Mr. Sorensen also served as a director of Sara Lee Corporation, an American consumer-goods company, from January 2007 to November 2011. He has served as executive vice president of both Principal Financial Group Inc. and Principal Life Insurance Company, a life insurance company, since January 2007, and held a number of other senior management positions since 1998. Mr. Sorensen also served as chairman of the U.S. Coalition of Service Industries, a leading forum for the services sector, from January 2003 to March 2005. Mr. Sorensen served as a senior executive of American International Group, Inc., an insurance services company, from September 1989 to December 1998. He also formerly served as chairman and director of DE Master Blenders, a European consumer goods company, from December 2011 until September 2013.

Austin P. Young
Lead Independent Director
Chair – Finance, Risk Management and Audit Committee
Chair – Nominating and Corporate Governance Committee

Austin P. Young

Lead Independent Director, Chair – Finance, Risk Management and Audit Committee, Chair – Nominating and Corporate Governance Committee

Mr. Young, who is a Class I director, joined the Board of Directors in January 2003. He is the company’s lead independent director, chair of the Finance, Risk Management and Audit Committee and chair of the Nominating and Corporate Governance Committee. Mr. Young served as senior vice president, chief financial officer and treasurer of CellStar Corporation from 1999 to December 2001 when he retired. From 1996 to 1999, he served as executive vice president - finance and administration of Metamor Worldwide, Inc. Mr. Young also held the position of senior vice president and chief financial officer of American General Corporation for over eight years and was a partner in the Houston and New York offices of KPMG before joining American General. Mr. Young currently serves as a director and chairman of the audit committee of Amerisafe, Inc. He served as a director and chairman of the Audit Committee of Tower Group International, Ltd. and its predecessor company from 2004 until September 2014. Mr. Young is a member of the Houston and State Chapters of the Texas Society of CPAs, the American Institute of CPAs, and Financial Executives International. He holds an accounting degree from the University of Texas.