UMED Holdings, Inc. announced that on August 3, 2016, the company's board of directors appointed Ransom B. Jones, currently interim Chief Executive Officer and Director, as the company's President. Ransom B. Jones, the company's current Interim Chief Executive Officer and Director, age 67, a resident of Frisco, Texas, has over 40 years of diverse business experience. He is a retired partner of KPMG Peat Marwick and former Chief Financial Officer of two publicly traded corporations, Western Preferred Corporation and El Paso Refining, Inc.