Ed rust state farm salary7/28/2023 ![]() “Michael has a deep understanding of the opportunities and challenges emerging in our rapidly changing marketplace,” Rust said in a statement. Rust, who has served as CEO the past 30 years and who turns 65 this summer, will continue as chairman of the board. Rust said during a company-wide telecast the State Farm Mutual Board of Directors had unanimously agreed with his recommendation to elevate Tipsord. The insurer said in a news release State Farm’s president and chief operating officer Michael Tipsord will succeed Rust. (Photo courtesy State Farm)īLOOMINGTON – State Farm announced long-time chairman and chief executive officer Edward Rust Jr. ![]() Michael Tipsord (right) will succeed Ed Rust as State Farm CEO in September. ![]()
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