Associated Agencies, an Illinois-headquartered independent insurance agency, has announced that Carol Ulasy will retire as its chief financial officer before the end of the year. John Turner has been hired as the company’s new vice president of finance to succeed Ulasy.
Ulasy joined Associated Agencies in 1980 as the company’s bookkeeper. She also served as comptroller and senior vice president of finance before being named CFO in 1993.
“I am extremely grateful for the opportunities I’ve had in this role for nearly four decades, and I am very proud of how Associated has grown,” she said. “I was able to grow with this dynamic company, and I’ve had wonderful mentorship from its leaders, first Robert Schrayer and now Skip Schrayer.”
Turner was hired as the company’s new vice president of finance in March, and is currently working with Ulasy on the transition of responsibilities. As Usaly’s successor, Turner will handle all financial aspects of Associated Agencies, including reporting and day-to-day financial activities.
Turner, a certified public accountant, served as vice president of finance for CIT from 2015 to 2018. In that capacity, he executed covered transitions of $433 million and $150 million between CIT Equipment Finance and CIT Bank and managed a $700 million rail-car securitization. Prior to that, he worked as a senior accounting manager for Allstate.
“With John’s broad accounting background in various industries, we believe he will bring numerous benefits to Associated,” said Talicia Bashford, chief operating officer of Associated. “He will build upon the foundation Carol has worked to create for nearly 40 years, while bringing a fresh perspective to our financial platforms and structure.”