![]() “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. 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. Core Values: Integrity, Compassion, Leadership. Mission: The City of Decatur Fire Rescue is committed to providing a high level of care through emergency response and community services that make the City of Decatur experience safe and pleasant for all. ![]() ![]() The State Farm Mutual Board of Directors unanimously elected CEO Michael Tipsord on Monday to the position of Chairman of the Board. Vision: The City of Decatur Fire Rescue is a dynamic and innovative department on the forefront of creativity and exceptional service. 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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