View source for Edward B. Rust Jr.

'''Edward Barry Rust Jr.''' (born August 3, 1950)<ref>{{Cite web | title=Edward Barry Rust Born 1950 august - Google Zoeken | url=https://www.google.com/search?safe=off&tbm=bks&q=Edward+Barry+Rust+Born+1950+august | access-date=2025-02-07 | website=www.google.com}}</ref> was chairman of the board of [[State Farm]] Mutual Automobile Insurance Company, [[Bloomington, Illinois]]. 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.  Ed Rust stepped down on September 1, 2015; when Michael Tipsord was named the new President and CEO of State Farm Insurance.  Ed Rust's father Edward Sr. and his grandfather Adlai Rust before him also led State Farm.

A native of [[Illinois]], Rust joined State Farm in 1975. He is the son of Edward Barry Rust Sr., who was the former chief executive officer and chairman of [[State Farm Insurance Companies]]. He became president and chief executive officer in 1985 and was elected to the additional post of chairman of the board in 1987. {{Citation needed|date=June 2010}}

A graduate of [[Bloomington High School (Illinois)|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.  He serves on the boards of directors of [[Caterpillar Inc.]], [[Peoria, Illinois]].; and [[Helmerich & Payne]]

He is also on the board of [[McGraw-Hill]] Companies, Inc., [[New York, NY]]<ref>{{Cite web|url=http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-govBio&ID=59124|title=Investor Relations: Corporate Governance: Board of Directors - Directors & Biographies - The McGraw-Hill Companies|date=October 17, 2006|archive-url=https://web.archive.org/web/20061017175901/http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-govBio&ID=59124 |archive-date=17 October 2006 }}</ref> is one of two co-chairs of the [[Business Roundtable]] and is on the Board of Directors for the [[US Chamber of Commerce]].<ref>{{Cite web|url = https://www.uschamber.com/about-us/board-directors|title = Board of Directors|date = March 24, 2015|accessdate = March 24, 2015|website = US Chamber of Commerce|last = |first = }}</ref> The chairman, [[Harold McGraw III]] is CEO of [[McGraw-Hill]] companies.

In June 2015 Rust announced that after 30 years he would step down as CEO of State Farm in September 2015.<ref>{{Cite web |url=http://www.ibamag.com/news/chief-of-state-farm-resigns-after-30-years-22805.aspx |title=Chief of State Farm resigns after 30 years |access-date=2015-07-31 |archive-url=https://web.archive.org/web/20150903194945/http://www.ibamag.com/news/chief-of-state-farm-resigns-after-30-years-22805.aspx |archive-date=2015-09-03 |url-status=dead }}</ref>

==Awards==
In 2013, AdvisoryCloud ranked Edward Rust as the #6 CEO on their Top Chief Executive List.<ref>{{Cite web | date=May 2013 | title=Top Private CEOs | url=https://www.advisorycloud.com/rankings/2013-top-private-company-ceos/ | archive-url=https://web.archive.org/web/20190423203832/https://www.advisorycloud.com/rankings/2013-top-private-company-ceos/ | archive-date=2019-04-23 }}</ref>

Edward B. Rust Jr.  was inducted as a Laureate of [[The Lincoln Academy of Illinois]] and awarded the Order of Lincoln (the State’s highest honor) by the Governor of [[Illinois]] in 2003 in the area of Business.<ref>{{Cite web|url=http://thelincolnacademyofillinois.org/4632-2/#toggle-id-13|title=Laureates by Year - The Lincoln Academy of Illinois|website=The Lincoln Academy of Illinois|language=en-US|access-date=2016-03-07|archive-date=2015-09-23|archive-url=https://web.archive.org/web/20150923204516/http://thelincolnacademyofillinois.org/4632-2/#toggle-id-13|url-status=dead}}</ref>

==References==
{{Reflist|2}}

==External links==
*{{C-SPAN|1001938}}
{{State Farm}}
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[[Category:1950 births]]
[[Category:Living people]]
[[Category:Caterpillar Inc. people]]
[[Category:People from Bloomington, Illinois]]
[[Category:American businesspeople in insurance]]
[[Category:American chief executives of financial services companies]]
[[Category:American corporate directors]]
[[Category:Bloomington High School (Bloomington, Illinois) alumni]]
[[Category:Illinois Wesleyan University alumni]]
[[Category:Southern Methodist University alumni]]
[[Category:State Farm people]]