On January 14, 2016, Richard J. Halden resigned as president of UMED Holdings, Inc., due to other personal commitments. On January 14, 2016, the board of directors elected Ransom B. Jones, CPA, to be interim chief executive officer. Mr. Jones, age 67, a resident of Frisco, Texas, has over thirty years of diverse experience primarily related to the insurance industry.

Since 2005 until the present time, Mr. Jones has been the president of Cambridge Financing Company in Boca Raton, Florida. From 2001 to 2005, he was a vice president if AIG Reinsurance Advisors, Inc. (wholly-owned subsidiary of American International Group, Inc.) in New York, New York.