Tru Stage Hires First Black CEO Amid Labor Dispute With Union

Madison-based insurance company TruStage has hired its first Black CEO since the business, formerly known as CUNA Mutual Group, was founded in 1935. Terrance Williams, who has been the head of Trustage for just a few weeks, takes over as the company negotiates with a union representing 450 of its workers. The contract with the Office and Professional Employees International Union Local 39 expired in February 2022. The union suspended a strike that began May 19 after more than two weeks, citing progress in talks but stating it could restart the strike should negotiations stall.