LAKE FOREST, Ill. –
Trustmark Mutual Holding Company (Trustmark Companies) has announced that former CEO and current Chairman of the Board J. Grover Thomas Jr. will retire following the June 2015 quarterly meeting. Thomas, a member of Trustmark’s board since 2000, has reached the mandatory retirement age stipulated in Trustmark’s bylaws. David D. Weick, retired Chief Information Officer of McDonald’s Corporation and a Trustmark director since 1999, will stand for election as Chairman at the June Annual Policyholder Meeting.
Thomas retires after 15 years of executive leadership and board service at Trustmark. He joined Trustmark in June 2000 as the first President and Chief Executive Officer hired from outside the company. Thomas focused the organization on core businesses and capabilities, leading to four successive years of record earnings from 2002 – 2005. He was elected Chairman in 2002 and was succeeded as CEO by David McDonough in 2005.
“I’ve really had a great experience at Trustmark,” Thomas said. “It’s been gratifying on both a personal and professional level. We were able to carry forward the strengths that have enabled Trustmark to succeed for more than a century – and we were able to adapt and change as well to prepare the organization for the future. Through my 15 years, though, the most gratifying aspect of it has been all the exceptional people I’ve been able to work with and get to know.”
Between 2000 and 2014, Trustmark capital and surplus has increased from $247 million to over $600 million. And Thomas counts finding and bringing on board his successors as CEO – David McDonough (2005 – 2011) and Joseph Pray (2012 – present), who have continued to strengthen the company – among his proudest achievements. Said Thomas, “They have each been the right person for the CEO role at the right time in Trustmark’s history. Although Trustmark has been around for many years, I know that with the leadership team and the board under David Weick’s direction, the future holds even greater opportunity for the company and the people and communities it serves.”
Thomas continues to serve as Chairman of Crioestaminal-Saúde e Tecnologia, SA, based in Portugal, and is also on the boards of US HealthCare, in Ft. Worth, Texas, and Freedom from Hunger, located in Davis, Calif.
Thomas will be succeeded next June by David Weick, who began a more than 30-year career in technology and quality management, finance, and information systems at Kraft Foods in 1981. He joined McDonald’s in 1997 as Vice President, US Technology Services and, in 1998, was appointed CIO. In 2006, he took on the additional role of Senior Vice President, Shared Services. While there, among other large technology projects, he oversaw the global standardization of McDonald’s point-of-sale systems across more than 31,000 locations. He retired in March 2013.
Weick joined the Trustmark board in 1999 and currently serves on the board’s Executive and Investment Committees and chairs the Governance Committee. In addition, Mr. Weick has served a number of industry, community and leadership organizations, including El Valor, a charitable organization serving needy children in Chicago, industry groups FS Tech and HosTech/EuroTech, as well as the Research Board and the CIO Strategy Exchange, two research organizations comprised of global technology leaders. He earned a B.S. in Computer Science from Northern Illinois University and an MBA at Loyola University.
“Dave is the right choice to chair Trustmark’s board,” said Thomas. “He knows the company and its businesses well, has a strong, collaborative relationship with other members of the board, and his expertise in technology and his leadership experience will be invaluable for Trustmark. The company is currently investing heavily in technology to drive strategic growth.”
About Trustmark Companies
More than 100 years of Trust. Founded in 1913, Trustmark provides access to a full spectrum of employee benefit solutions, including benefits administration, payroll-deducted voluntary products, group medical benefits, and population wellness, health and fitness management programs. Trustmark’s success is based on building and maintaining trust through personal, responsive service and flexible benefit solutions. For more information, visit www.trustmarkcompanies.com.