Kasey Price, head of sales for third-party administrator FuturePlan by Ascensus, will become president of FuturePlan on Aug. 1, Ascensus announced in a news release Thursday.
Ms. Price will succeed Teresa Hassara, who is leaving the company at the end of July to lead Principal Financial Group's workplace savings and retirement business.
Ms. Price will report directly to Ascensus President and CEO David Musto and join Ascensus' operating committee, the company's executive leadership team.
Ms. Price joined FuturePlan in 2017 and has led its sales efforts since January 2021. Prior to joining FuturePlan, she was a founding partner and CEO of Retirement Strategies, a Georgia-based third-party administration firm that Ascensus acquired in 2017.
Ms. Hassara has served as president of FuturePlan since April 2021. She had previously been with MassMutual as head of workplace solutions.
Ms. Hassara will remain with FuturePlan through July 29 to aid in the leadership transition. She assumes her new role at Principal as a senior vice president in the company's retirement and income solutions business on Aug. 8, according to a news release from Principal on Thursday.
Ms. Hassara will report to Chris Littlefield, president of Principal's retirement and income solutions business.
Principal did not respond to an email requesting information about whether Ms. Hassara's position is new or whether she will be replacing someone who left or moved to another role.
Ascensus did not respond to an email request for additional information on Ms. Price.
As of March 31, Ascensus had more than $100 billion in assets under administration. Principal had $1.6 trillion in assets under administration as of March 31.
