Trustmark Elects New CEO

December 5, 2011 ( - The board of directors of Trustmark Mutual Holding Company has elected Joseph L. Pray as chief executive officer and a director of the company, effective January 1.

Pray, Trustmark president and chief operating officer since 2010, will remain president. As CEO, he succeeds David M. McDonough, who previously announced his intention to retire at the end of 2011, after nine years with the company. McDonough will remain a member of Trustmark’s board of directors.  

Pray became senior vice president of Trustmark’s voluntary benefits division in 2007, leading that business to record sales prior to his promotion to president and chief operating officer. Since 2010, he has overseen consecutive years of increasing profits in CoreSource, Trustmark’s TPA subsidiary, and revenue growth and strong operating performance in each of Trustmark’s other core businesses.   

In addition, he has initiated a technology investment strategy to further differentiate Trustmark from its competitors and support future growth. Prior to joining Trustmark in 2002, Pray was president and chief operating officer of Greater Georgia Life Insurance Company, a subsidiary of Cerulean Companies/Blue Cross Blue Shield of Georgia.   

Through its subsidiaries and operating divisions, Trustmark provides access to a spectrum of employee benefits, including benefits administration, payroll-deducted voluntary products, group medical benefits, and integrated population health, lifestyle and fitness management solutions. Trustmark subsidiaries and operating divisions include CoreSource, HealthFitness, Starmark, Trustmark Employer Medical and Trustmark Voluntary Benefit Solutions.   

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