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CorVel CFO to retire

CorVel Corp. CFO Richard Schweppe is retiring from the company, effective Jan. 1, 2018.

The company has named Ken Cragun as Schweppe's successor, effective the same day. Schweppe will stay on with the company as a consultant during a transition period.

Cragun is a partner at Hardesty LLC, a national executive services firm. He plans to remain a partner at the company while working as CorVel's CFO.