Professional employer organization Insperity Inc. (NYSE: NSP) announced President Richard Rawson, an executive officer of Insperity for more than 28 years, will retire on May 18. However, Rawson will remain on the board of directors.

As president, Rawson led Insperity’s gross profit enhancement division and managed the company’s relationships with insurance carriers.

Rawson has been president of the company since August 2003. Prior to that, he served as executive VP of administration, CFO and treasurer of the company from February 1997 to August 2003. He had served as senior VP, CFO and treasurer since 1989.

Insperity today also announced that James Allison will take on the role of senior VP of gross profit operations effective on May 18. Allison will assume Rawson’s current responsibilities over the company’s gross profit drivers, which include the company’s pricing, benefits plans, and workers compensation and other insurance programs. Allison joined Insperity in 1997 and has served as Insperity’s senior VP of pricing and cost analysis since 2011. Prior to his current position, he held various senior positions in Insperity’s finance department.

Allison will report to Chairman and CEO Paul Sarvadi.

“Jim has had a distinguished career here at Insperity,” Rawson said. “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.”