CorVel founder V. Gordon Clemons retires as chairman; CEO Michael Combs named chairman
CorVel founder V. Gordon Clemons retired effective November 26, 2024, as an employee, director and Chairman of the Board. Chief Executive Officer Michael G. Combs was appointed to the board and elected Chairman the same day, so the chief executive now also chairs the board.
- Clemons founded CorVel in 1988 and served as chairman since the company's 1991 initial public offering, after 37 years of service.
- Clemons and the company agreed to terminate his employment agreement and covenant not to compete; the filing says the retirement does not reflect a disagreement on operations, policies or practices.
- Combs is not expected to receive additional compensation for serving as a director or chairman.
- Clemons will continue to be available to Combs as an outside consultant, having advised Combs since 2017.