Oliver to Retire as President of Texas Mutual Insurance Company

February 20, 2009

Russell R. Oliver, president of Texas Mutual Insurance Company since 1995, is retiring from the company at the end of August 2009, the company has announced.

“I am very proud of Texas Mutual and our accomplishments, but it is time for me to move on to a new phase of my career. I will retire from Texas Mutual, but I plan to find other opportunities to keep me occupied,” Oliver said.

Oliver notified the Board of Directors in January of his decision to retire this summer. Two years ago, Texas Mutual launched the Executive Management Succession Planning Project to prepare for the eventual retirement of Oliver, as well as other Texas Mutual executives. A timetable for hiring Oliver’s replacement has not been set.

Oliver said being president of Texas Mutual has been challenging and rewarding, and has been the high point of his career. Oliver joined Texas Mutual as general counsel in 1994; the next year, he was named president.

He is a graduate of The University of Texas School of Law and spent many years in private and governmental practice. Oliver served 26 years with the Judge Advocate General’s Corps of the U.S. Naval Reserve, retiring at the rank of captain.

Source: Texas Mutual Insurance Company, www.texasmutual.com

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