Texas Mutual, the state’s leading provider of workers’ compensation insurance, today announced that the company’s President & Chief Executive Officer, Richard “Rich” Gergasko, has shared with the Board of Directors his intention to retire in early 2023. Gergasko joined Texas Mutual in 2013.
“We are grateful to Rich for his steadfast leadership, especially during the last few years when our employees, agents and policyholders looked to him for stability during the COVID-19 pandemic,” Ron Simmons, chairman, Texas Mutual Board of Directors, said. “Rich’s accomplishments during his tenure at Texas Mutual are numerous. I am particularly proud of the excellent financial foundation he has built that is recognized through an A rating from AM Best. I also appreciate his work to create a stronger, safer Texas and am confident his efforts will have a lasting impact across our state and the industry.”
Gergasko implemented new initiatives to keep employees and policyholders safe, including a “no-use-while-driving” cell phone policy for all employees. Among other accomplishments, in 2016, Gergasko was the recipient of the Austin Business Journal’s Best CEO of the Year Award in Central Texas.
Was this article valuable?
Here are more articles you may enjoy.