He is the son of Edward Barry Rust Sr., who was the former chief executive officer and chairman of State Farm Insurance Companies. Please check the article again after few days.Ī native of Illinois, Rust joined State Farm in 1975. Rust Jr.’s religion & political views in this article. ethnicity, nationality, Ancestry & Race? Let’s check it out!Īs per public resource, IMDb & Wikipedia, Edward B. Many peoples want to know what is Edward B. and Helmerich & Payne Ethnicity, religion & political views He serves on the boards of directors of Caterpillar Inc., Peoria, Illinois. and his grandfather Adlai Rust before him also led State Farm.Ī graduate of Bloomington High School in 1968 and then a graduate of Illinois Wesleyan University in Bloomington, Rust holds both juris doctor and master of business degrees from Southern Methodist University, Dallas, Texas. Ed Rust stepped down on Septemwhen Michael Tipsord was named the new President and CEO of State Farm Insurance. He is a former President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company and State Farm Fire and Casualty Company, State Farm Life Insurance Company and other principal State Farm affiliates. (born August 3, 1950) was chairman of the board of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois. According to Astrologers, zodiac sign is Leo.Įdward Barry Rust Jr. is a famous Executive, who was born on Augin United States. “Working together with our Board of Directors, a strong leadership team and State Farm agents and employees, we are building on the strong foundation we’ve inherited so the incredible State Farm success story will continue to be told,” Tipsord said.Edward B. Tipsord is an Illinois native who received a bachelor’s degree from Illinois Wesleyan University in Bloomington and a law degree from the University of Illinois at Urbana-Champaign. I am excited for Michael and for State Farm, and for what the future holds for our customers.” “Michael’s strong leadership, supported by the leadership team he has built, is laying a strong pathway for the continued success of this great company. “This is a continuation of the succession plan we put into place last year with Michael’s move to CEO,” said Rust. He was named CEO in 1985 and chairman in 1987. He is the company’s longest serving CEO and chairman. Rust, 65, began his State Farm career in 1975. He was named chief financial officer in 2004, chief operating officer in 2011 and was elected to the office of president in 2015, and succeeded Rust as CEO later that same year. He was named vice president and assistant treasurer in 1998, vice president and treasurer in 2001, and senior vice president in 2002. “For over 30 years, he led our company and became the very personification of State Farm.” “It has been a true privilege to work with Ed,” said Tipsord in a news release. Tipsord replaced Rust as CEO last September. The State Farm Mutual Board of Directors unanimously elected CEO Michael Tipsord on Monday to the position of Chairman of the Board. now has relinquished the position of Chairman of the Board for the insurance giant. (Photo courtesy State Farm)īLOOMINGTON – One year after retiring from the CEO post that he held for 30 years at State Farm, Ed Rust Jr. Michael Tipsord (right) will succeed Ed Rust Jr.
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