Texas Mutual Insurance Company is led by its senior leadership and board of directors.
Senior leadership includes our president, chief financial officer and representatives from each of our divisions.
Our board of directors represents a diverse range of Texas industries and regions. The governor, with the advice and consent of the Texas Senate, appoints five of the nine directors, including the chair. Our policyholders elect the other four directors.
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.
Senior Vice President & Chief Financial Officer
Mike Barron is a certified public accountant with over 40 years of experience in accounting and financial management. Prior to joining Texas Mutual in 2003, he spent over 18 years with international accounting and consulting firms. Additionally, he served as the CFO of a major pension fund and the Deputy Treasurer for the State of Texas. Mr. Barron was a founding member of the board of directors of Sendero Health Plans, a Central Texas community-based HMO, and previously served on the boards of The Easter Seal Society and Senior Quality Lifestyles Corporation. He is a graduate of the University of Texas at Austin and a member of the American Institute of CPAs.
Senior Vice President Human Resources
After graduating from the University of Texas with honors, Lynette Caldwell spent eight years in HR leadership positions at TN Technologies Inc. She joined Texas Mutual in 1999, and has served as senior manager of human resources, senior manager of compensation/benefits and vice president of human resources. Lynette is responsible for ensuring human resource strategies, policies and practices support the company’s mission and values as well as enhance organizational performance and employee engagement. She is a senior certified professional in human resources, Kids’ Chance of Texas board member, and former advisor/chair of the American Association of State Compensation Insurance Funds Human Resources Committee.
Senior Vice President Public Affairs
Terry Frakes is a Texas Mutual pioneer. He became the company's second employee when he came on board in 1991, and he was its first executive council member. Mr. Frakes represents the company during legislative sessions, serves as media contact, and oversees communications initiatives. His 25-year public affairs career includes stops as regional director of governmental affairs of a major national trade association, director of government affairs at the Texas Department of Insurance, and special assistant to the House Insurance Committee.
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 $6.6 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.
Senior Vice President Underwriting
Steve Math comes to Texas Mutual from Argo Insurance Group, where he served as senior vice president and chief actuary. Prior to that, he served in chief actuary roles at ACE Insurance Group and CNA. Mr. Math holds a bachelor's in mathematics from MIT and a master's in management from the University of Texas at Dallas. He has earned the Fellow of the Casualty Actuarial Society designation, the Chartered Property and Casualty Underwriter designation, and the Member of the American Academy of Actuaries (M.A.A.A.) designation.
Senior Vice President Information Technology
Bill McLellan joined Texas Mutual Insurance Company in 2003, after spending the last five years in senior-level Information Technology (IT) positions with Motorola. He holds a bachelor's degree in mathematics and a master's degree in computer science from the University of Texas. In his 25-year career, he has held senior-level IT positions with the Texas Army National Guard, Tracor, and Motorola Semiconductor Product Sector. He retired as a major from the U.S. Army, with over 20 years of combined active and reserve duty.
Senior Vice President/General Counsel
Mary Nichols joined Texas Mutual Insurance Company in 1995 as General Counsel. Ms. Nichols 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. Ms. Nichols 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.
Elise Teeter, VP 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, Elise held various positions in marketing, business operations and internal audit. Elise holds a Bachelor of Arts from UT Austin and a Master's in Business Administration from the University of Dallas. Elise 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.
Senior Vice President Policyholder Services
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; and vice president of claim support services. She directed system implementations for the company's certified workers' compensation health care network and state of the art claims system. Ms. Ward is now responsible for statewide claim operations, network and medical operations, safety services, marketing, customer engagement, and product development for the company.