Pre-Paid Legal Founder Steps Down

NEW YORK - Pre-Paid Legal Services, Inc. said Wednesday its CEO will step down and be replaced by two other company officers.

Harland C. Stonecipher, 71, will be replaced on April 2 by co-CEOs Randy Harp, 54, and Mark Brown, 56. Harp, who is Pre-Paid's current chief operating officer, also will serve as company president. Brown is the company's current chief marketing officer.

The company said Stonecipher will remain as board chairman.

Pre-Paid is a legal services company based in Ada, Okla. Its shares fell 3 cents to $41.66 in Wednesday trading.

 

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