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New Mexico Mutual promotes Kellie Mixon to CEO


Reporter, Albuquerque Business First


Kellie Mixon started with New Mexico Mutual as an accounting trainee. On Tuesday, she was announced as the company’s first woman CEO as New Mexico Mutual hits its 30-year anniversary.

She will assume the role April 5 after longtime CEO Norm Becker retires at the end of March.

Mixon has been with New Mexico Mutual for the past 25 years. Her most recent role was CFO, where she oversaw the company’s financial strategy and activities as well as its risk management, investment and treasury functions. Before then, she was New Mexico Mutual’s vice president of finance.

“The board was keenly aware of the challenge to replace an exemplary leader like Norm Becker,” said New Mexico Mutual Board Chair Jay Czar in a statement. “We have absolute confidence in Kellie Mixon’s ability to ensure the company’s future growth and continued success; she is truly a respected and dynamic executive.”

Mixon has 28 years of experience in public and private accounting, including 25 years in the property and casualty insurance field. She serves on the board of directors for United Way of Central New Mexico. In 2019, Mixon was an Albuquerque Business First Women of Influence honoree.

“I’m honored for the opportunity to lead this great company,” Mixon said in a statement. “As our industry keeps changing, I’ll be working to help New Mexico Mutual adapt and grow while maintaining the high level of service our agents and policyholders have come to expect.”

Becker announced in October that he would retire this spring after spending nearly 13 years with New Mexico Mutual and more than two decades in the insurance business in the state.

From 2010 to 2019, under Becker’s watch, New Mexico Mutual’s share of the market increased from 27% to 32%, according to a news release.

Founded in 1991, New Mexico Mutual ranked No. 10 on Business First’s List of New Mexico Private Companies with $105 million in revenue in 2019. It had 150 employees at the time of the ranking, according to the List.

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