October 26, 2022

Rich Gergasko announces intention to retire from the company next year

Texas Mutual president and CEO, Richard “Rich” Gergasko, has announced his intention to retire in early 2023, after 40 years in the insurance industry.

Rich joined Texas Mutual in 2013. In the following decade, he built up the company’s financial strength, provided stable leadership through the COVID-19 pandemic and championed various initiatives to keep Texas Mutual employees and policyholders safe – including a “no-use-while-driving” cell phone policy for all employees.

Rich has supported Texas Mutual’s philanthropic program from the top down, helping establish the company’s commitment to being a stable force for good across the state. In 2022, Texas Mutual is investing $12 million in philanthropic funds across Texas, including safety awards, scholarships, philanthropic grants and safety training grants.

Rich has also served in various leadership positions for non-profit and industry organizations. He was chair of the American Heart Association Board of Directors in Austin, chair of the Austin Heart and Stroke Walk, member of United Way for Greater Austin’s Campaign Cabinet, founding organizer of Texas Mutual’s cycling team for the MS 150, Executive Committee member of the Texas Business Leadership Council, member of the Insurance Industry Charitable Foundation and more.

We will explore external and internal options for Texas Mutual’s new CEO, with the help of executive search and leadership advisory firm Russell Reynolds Associates.