About Texas Mutual


Senior leadership

Image of Richard Gergasko

Richard Gergasko
President & CEO

Richard Gergasko joined Texas Mutual as president in 2013. He was president and COO of SeaBright Insurance Company from 2009 to 2013, and he served as executive vice president of operations for the company from 2003 to 2009. Mr. Gergasko 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.

Jeanette Ward

Jeanette Ward
Chief Operating Officer

Jeanette Ward joined Texas Mutual in 1993 after earning her Bachelor of Arts in government from the University of Texas at Austin. She has since climbed the company's ranks, serving as operations analyst to the chief operating officer; senior manager of corporate planning, budget and accounting; vice president of claim and information services; vice president of claim support services; and most recently, senior vice president of policyholder services. As COO, Ms. Ward is responsible for policyholder services, underwriting, information technology, digital innovation & solutions and marketing & customer engagement.

Image of Bill Potter

Bill Potter
Chief Financial Officer

Bill Potter joined Texas Mutual in 2018 as the vice president of premium audit. Under his leadership, the team enhanced their focus on customer service resulting in 98% of our policyholders in 2020 indicating that they were either satisfied or very satisfied with their audit. Prior to joining Texas Mutual, Bill accumulated over 25 years of finance, accounting and business leadership experience in multiple CFO roles and other finance executive roles with large national and international carriers. Mr. Potter is a Certified Public Accountant and holds a Bachelor of Science in Accounting and Finance from Wright State University and a Master of Business Administration from the University of Dayton.

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Kim Haugaard
Senior Vice President, Policyholder Services

Kim Haugaard joined Texas Mutual in November 2004 and was responsible for leading the development of the first medical network in the Texas workers’ compensation system. Most recently, he directed the implementation of WorkWell, TX, Texas Mutual’s health care network. Mr. Haugaard has been at the forefront of numerous medical cost containment strategies and worked closely with the claims operations management team on training, process and system initiatives.

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Michael Hernandez
Chief Data Officer

Michael Hernandez joined Texas Mutual in 2018 as chief data officer, after serving in the same role at CoBank. Mr. Hernandez has held senior roles in data strategy at Crowe Horwath LLP and PNC Financial Services. He has spoken at national industry conferences discussing finance transformation and enterprise data management. Mr. Hernandez holds a Bachelor of Science from Penn State University, and a Master of Business Administration from Ohio University.

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Randy Johnson
Senior Vice President, Investments

Randy Johnson joined Texas Mutual Insurance Company in 1995. His investments team is responsible for managing the company's more than
$7 billion diversified investment portfolio. Mr. Johnson is a University of Texas graduate who has over 25 years of senior-level investment, financial and management experience. He is a certified public accountant and a member of the American Institute of CPAs and the Texas Society of CPAs.

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Jeff Lentz
Senior Vice President, Underwriting

Jeff Lentz first joined Texas Mutual in 1993 as an underwriter after earning a bachelor's degree in business administration from Stephen F. Austin State University. He worked as an underwriter for three years, then went on to work for several other insurance companies, before returning to Texas Mutual in 2004 to lead underwriting and marketing operations at the company’s Dallas Regional Office. In 2011 he was promoted to vice president of underwriting. As SVP of Underwriting, Mr. Lentz oversees corporate underwriting, underwriting support services, regional underwriting, distribution, agency operations, business development and customer engagement.

image of Larry Martin

Larry Martin
Senior Vice President, Human Resources

Larry Martin joined Texas Mutual in 1994 after five years at Blue Cross and Blue Shield. He has served in a variety of HR roles at Texas Mutual including as VP of HR consulting services. Mr. Martin oversaw the growth of our college recruiting program and the implementation of Texas Mutual’s learning and development and performance management strategies. He is responsible for ensuring human resource strategies and policies support our company’s mission, values and employees’ well-being. Mr. Martin holds a bachelor’s degree in education from the University of North Texas.

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Mary Nichols
Senior Vice President & General Counsel

Mary Nichols joined Texas Mutual Insurance Company in 1995 as general counsel. She has over 25 years of legal expertise. Before joining the company, Ms. Nichols practiced law with Vinson & Elkins LLP, where she started as a public finance attorney and later moved into insurance-related litigation. She received her J.D. with honors from the University of Texas, and she is a member of the State Bar of Texas and the Travis County Bar Association. She is rated AV, the highest rating designated by Martindale-Hubbell.

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Jo Betsy Norton,
Senior Vice President, Public Affairs

Jo Betsy Norton joined Texas Mutual in 2007 and has over 20 years of experience in corporate public affairs representing insurance companies at the local, state and federal levels. Before joining the private sector, Ms. Norton was appointed by Governor George W. Bush to serve as a commissioner on the Texas Employment Commission and the Texas Workforce Commission. She serves as chair of the Texas Property and Casualty Insurance Guaranty Association, is chair of TXBIZ Votes and is on the board and executive committee of the Texas Association of Business. 

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Paul Schlaud
Senior Vice President & Special Counsel, Enterprise Affairs

Paul Schlaud joined Texas Mutual in 2019 after working with the company as outside counsel for over 15 years. Mr. Schlaud oversees corporate strategy and innovation, risk management, marketing and community affairs, and the agile teams at Texas Mutual. He began his career as a law clerk to Judge Merrick Garland, became a litigation associate at Vinson & Elkins and was later a founding partner of Reeves and Brightwell LLP. He received his J.D. magna cum laude from Harvard Law School, where he also served as editor for the Harvard Law Review. He is board certified in Civil Appellate Law and is a member of the American Law Institute.

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Mike Stubblefield
Senior Vice President & Chief Information Officer

Mike Stubblefield joined Texas Mutual in 2019 with more than 20 years of experience as a business-driven leader in the information technology and financial services industries. Mr. Stubblefield previously served as the chief information officer for DST Systems where he led the systems transformation of over 300 applications. He holds a bachelor's in business administration from the University of Texas and a master’s degree in finance and management from the University of Houston.

Image of Elise Teeter

Elise Teeter
Senior Vice President & General Auditor

Elise Teeter joined Texas Mutual in 2007 as a senior auditor and 10 years later was promoted to VP general auditor. Prior to Texas Mutual, she held various positions in marketing, business operations and internal audit. Ms. Teeter holds a Bachelor of Arts from UT Austin and a Master of Business Administration from the University of Dallas. Ms. Teeter is a certified internal auditor, certified fraud examiner and a certified information systems auditor. She is a member of the Institute of Internal Auditors, Association of Certified Fraud Examiners and ISACA.

Board of directors

Ron Simmons

Ron Simmons, Chairman • appointed

Mr. Simmons, Carrollton, Texas, was appointed to Texas Mutual’s board of directors in 2019. He is chairman of the Retirement Advisors of America and a former state representative for District 65. He is a former board member of the American Legislative Exchange Council and has served on the Education Commission of the States. Additionally, he is the former vice chairman of the Autism Society of America. Mr. Simmons received a Bachelor of Arts in business from Dallas Baptist University.

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Kristi Koncaba, Vice Chair • appointed

Ms. Koncaba was appointed to Texas Mutual’s board of directors in 2018. She has over 18 years of experience in commercial banking, including co-founding both Family Bancorp Inc. and Friendswood Capital Corporation. Friendswood is the bank-holding company for Texan Bank, where she serves as president and chief operating officer.

She is the past chair of the Bay Area YMCA advisory board and serves on the boards of Texan Bank, Friendswood Capital Corporation and the Texas Bankers Association Foundation. She is executive officer of the Clear Lake Area Chamber of Commerce and serves on the board of the South Belt–Ellington Chamber of Commerce. Ms. Koncaba was a 2013 Change Magazine Women Creating Change honoree, a University of Houston–Clear Lake Early Achievement Award recipient, a 2016 Perry Family YMCA Volunteer of the Year, a 2019 Houston Business Journal–Women Who Mean Business Outstanding Leader in Finance honoree, and a 2018 University of Houston Cougar 100 honoree.

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Brett Flagg, Secretary • appointed

Mr. Flagg, Frisco, Texas was appointed to Texas Mutual’s board of directors in 2019. He has been a practicing attorney in Texas for 35 years. He served as a partner in the largest law firm in Dallas before establishing his own firm, Flagg Law Group PC. His practice focuses on estate planning, asset protection, probate and general business counsel for high net worth entrepreneurs. Mr. Flagg currently serves as an elder at Stonebriar Community Church and a member of the board of directors of e3 Partners Ministry/I Am Second. He is a past chairman of the Trinity Christian Academy board in Addison, Texas and a former member of the board of directors of the Frisco Chamber of Commerce and the Baptist Church Loan Corporation. He earned a bachelor's in business administration and law degree from Baylor University, and an LLM Taxation degree from Georgetown University.

Image of Linda Foster-Smith

Linda Foster-Smith • appointed

Ms. Foster-Smith, Georgetown, Texas, was appointed to Texas Mutual Insurance Company's board of directors in 2008. She is retired from AT&T, where she served for 37 years, the last 15 years as director of external affairs for the Permian Basin. Ms. Foster-Smith is a former member of the board of trustees for the Midland Independent School District, a former member and chairwoman of the Midland Chamber of Commerce, and former board chairwoman and campaign chairwoman for the United Way of Midland. She is former board secretary for the Permian Basin Community Center and past board president of the Midland Independent School District's Educational Foundation.

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Bernie Francis • elected

Mr. Francis, Carrollton, Texas, was elected to Texas Mutual Insurance Company's board of directors in 2009. He is the owner and CEO of Addison-based Business Control Systems LP and Dallas-based First Class Caregivers Inc. He is a member of the board of Senior Quality Lifestyles Corp. and of Workforce Solutions for North Central Texas. Mr. Francis serves on the executive committee of the Texas Business Leadership Council. He is past chairman of the Texas State University System board of regents and former chairman of the Texas State Technical College board of regents. He served three terms on the Carrollton City Council in the 1990s.

Image of Steve Oldham

Steve Oldham • elected

Mr. Oldham, Houston, Texas, joined Texas Mutual’s board of directors in 2019. He is a partner at Autumn Lane Advisors, a boutique wealth management firm, and serves as a board director for Central Bank-Houston, Signal Peak Silica LLC and Maggie Louise Confections Inc. In addition, Mr. Oldham serves as treasurer on the executive board of the Sam Houston Area Council – Boy Scouts of America, and is a CFA charter holder.

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Eric Oliver • elected

Mr. Oliver, Abilene, Texas, was elected to Texas Mutual Insurance Company's board of directors in 2009. He is founder and president of Softvest LP in Abilene; president of Midland Map Co. LLC in Midland; founder and principal of TenTex Music LLC in Nashville; founder and principal of Geologic Research Centers LLC, with a library in Abilene; and founder and owner of Caprock Title Co. in Midland. Mr. Oliver is chairman of Midland-based AMEN Properties Inc., and he serves on the board of ACIMCO, Abilene Christian University's endowment management company. He is a former member of the Abilene Community Foundation's investment committee.

Danny Phillips

Danny Phillips • elected

Mr. Phillips, Dallas/Fort Worth, was elected to Texas Mutual's board of directors in 2012. He manages his own financial investments, and he is also the owner of the Diamond P. Ranch, a registered Texas Longhorn cattle operation. In addition, Mr. Phillips serves as board chairman for the Fortress Youth Development Center in Fort Worth, and he serves on the board of regents at Pepperdine University, the investment board of Abilene Christian University, the board of directors of Taigan.com, and the board of directors of Ministry Ventures.

Image of John Swanson

John Swanson • appointed

Mr. Swanson, Frisco, Texas, was appointed to Texas Mutual's board of directors in 2012 and reappointed in 2018. He has nearly 20 years of corporate finance experience. He currently serves as president and CEO of Utica Resource Venture LLC. Mr. Swanson is also a member of the Independent Petroleum Association of America, past technical reviewer of the Society of Petroleum Engineers and a past trainer for Junior Achievement of Midland.

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