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.
