Ron Wright to Retire as Texas Mutual President and CEO; Richard J. Gergasko Named as Successor

Coordinated Transition Will Ensure Change Is Seamless for Staff, Agents and Policyholders

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Feb 05, 2013, 12:29 ET

AUSTIN, Texas, Feb. 5, 2013 /PRNewswire/ -- Ron Wright, who has served as president and chief executive officer of Texas Mutual Insurance Co. since 2009, has announced that he will retire. The company's board of directors announced today that his successor will be Richard J. Gergasko, an insurance professional who most recently has worked with Seattle-based SeaBright Insurance Company.

"It has been an honor to serve Texas Mutual for 16 years," Wright said. "I have been blessed to see Texas Mutual become the most customer- and team-oriented insurance company one could imagine. Leading such a tremendously talented and dedicated team has been an extraordinary experience."

Wright had served as COO of Texas Mutual since 1997 prior to being named CEO.

Gergasko has been president and COO of SeaBright Insurance Company since 2009. He had previously worked as executive vice president of operations for the company from 2003 to 2009. He had a long career in various positions in the workers' compensation insurance industry prior to that. He is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He has a bachelor of arts in statistics from Rutgers College.

"Ron leaves big shoes to fill," Gergasko said. "But I'm excited about the opportunity to take the reins from Ron and lead the team that created the best workers' compensation company in the nation. I'm eager to get to know Texas Mutual's staff, agents, policyholders and board of directors."

"We applaud Ron Wright for his invaluable contribution to this company over many years and wish him the very best in this well-deserved retirement. We welcome Rich Gergasko with great enthusiasm," Bob Barnes, chairman of the Texas Mutual board of directors, said. "Texas Mutual has been and remains in very good hands."

Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance, with approximately 35 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers. Helping employers prevent workplace accidents is a major part of Texas Mutual's mission. For more information, visit www.texasmutual.com.

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SOURCE Texas Mutual Insurance Company