#United States #Leadership Change #Board Transition #Pharmacists Mutual #Algona

Pharmacists Mutual Announces Board Transitions

On May 15, 2026, Pharmacists Mutual Insurance Group, based in Algona, Iowa, made significant changes to its Board of Directors, marking the end of an era while preparing for the next chapter in its growth and development. The company announced the retirement of three long-serving board members: Sue Sutter, Rich Moon, and Kirk Hayes. Together, these directors contributed over 90 years of invaluable experience and insight to the company.

Celebrating Retiring Directors

Sue Sutter concludes her 21-year journey with Pharmacists Mutual, having served as Chair of the Board since 2024. She leaves a legacy of commitment to ethical governance and member service that will be remembered by all.

Rich Moon brought 14 years of service to the company, offering extensive knowledge specific to the pharmacy sector, making him a revered voice during Board discussions.

Kirk Hayes, a remarkable figure in the company’s history, retires after a staggering 57 years on the Board. He served as Chairman for 23 years and spent 34 years in executive roles, including President and CEO, shaping Pharmacists Mutual into a leading insurer for healthcare professionals.

As Aaron Pearce, the current President and CEO of Pharmacists Mutual, expressed, "We are profoundly grateful to Sue, Rich, and Kirk for their decades of service to Pharmacists Mutual. Their collective wisdom and commitment to our policyholders have shaped the company into what it is today." The contributions of these retiring members have laid a solid foundation for the company's culture and mission.

Welcoming New Board Members

With the departure of these dedicated leaders, Pharmacists Mutual has appointed three new directors, bringing fresh perspectives and expert leadership.

1. Troy Trygstad (PharmD, PhD, MBA) - Former Executive Director of CPESN USA, he has substantial experience in community pharmacy practices and value-based care. His expertise will be invaluable as the board navigates the changing landscape of healthcare.

2. Jack Young - Former President and founder of Cherry Tree Dental, Young adds depth to the board with his background in strategic management and financial leadership, crucial for guiding the company's operations.

3. Scott Pace (PharmD, JD) - A multi-store pharmacy owner and a partner at Impact Management Group, he offers unique insights into healthcare policy and administration. His dual qualifications as a pharmacist and attorney make him a leading voice in pharmacy practice reform.

Aaron Pearce commented, "The addition of Troy, Jack, and Scott reflects our commitment to thoughtful succession and effective growth. They bring a unique perspective and a proven record that will help ensure Pharmacists Mutual continues to fulfill its mission of caring for those who care for our communities."

About Pharmacists Mutual Insurance Group

Founded in 1909, Pharmacists Mutual Insurance Group has established itself as a vital specialty insurer for healthcare professionals across the United States and the District of Columbia. The firm is renowned for its financial stability and devotion to its policyholders. Pharmacists Mutual Insurance Group currently holds an A- (Excellent) Financial Strength Rating and an a- (Excellent) Long-Term Issuer Credit Rating from A.M. Best. Their unwavering focus is on empowering and protecting healthcare professionals as they move forward.

As the dust settles on the transitions within the board, Pharmacists Mutual remains steadfast in its mission and commitment to its members, promising a bright future guided by innovative and experienced leadership.