State Farm names new CEO, first new leader since 1985

June 4, 2015 5:34 PM

59 0

State Farm names new CEO, first new leader since 1985

State Farm Insurance Cos. says Chief Operating Officer Michael Tipsord will become the private company's next CEO in September and its first new leader since the mid-1980s.

In a statement Thursday, the Bloomington-based company said Tipsord will take over for CEO Ed Rust Jr. Rust has been CEO since 1985. The 64-year-old Rust will remain chairman of the company's board.

Also read: Ohio State attacker praised ex-Al Qaeda leader as 'hero' online, sources say

Read more

To category page

Loading...