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CompSource Oklahoma’s Board accepts president’s resignation
Terry McCullar, president and chief executive officer of CompSource Oklahoma, will resign his position effective March 13, 2009, to pursue other opportunities.
“It is with regret we accept Terry’s resignation; however, he has a very good opportunity in the private sector and we wish him the best,” said Tom Jaworsky, CompSource board chair.
The Board has appointed Jason Clark, CompSource’s current claims director, as the interim president and chief executive officer effective March 14, 2009.
Much progress has been made at CompSource during McCullar’s tenure. During his eight years as president he ushered in a proactive, customer friendly environment at the company.
“Terry will be missed. He has been like a breath of fresh air by incorporating dramatic changes at CompSource which have improved the working relationships with insurance agents in Oklahoma,” said Dan Ramsey, president and chief executive officer of the Independent Insurance Agents of Oklahoma (IIAO).
“Undoubtedly, Terry’s valued leadership will be missed. He has been instrumental in moving CompSource forward by offering businesses and agents a viable option for workers’ compensation coverage. He has implemented a number of changes at CompSource aimed at reducing costs and improving the business environment for Oklahoma businesses,” said Andy Bass, CompSource vice chair.
CompSource Oklahoma is a nonprofit, self-supporting workers’ compensation insurance company. The organization was established in 1933 by the Oklahoma legislature to make sure Oklahoma businesses would always have access to workers’ compensation coverage for their employees. CompSource does not receive any state appropriated funds and operates solely from investment income and premiums generated from policyholders.
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