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  Edward B. Rust, JR.
Co-Chairman, Business Roundtable
Chairman & CEO, State Farm Insurance Companies

Edward B. Rust Jr. is chairman of the board and chief executive officer of State Farm Mutual Automobile Insurance Company, Bloomington, Ill. He is also president and chief executive officer of State Farm Fire and Casualty, State Farm Life, State Farm Life and Accident Assurance, State Farm Annuity and Life Insurance, State Farm County Mutual of Texas, State Farm Lloyds, Inc., State Farm Companies Foundation, State Farm Investment Management Corp., and State Farm International Services.

A native of Illinois, Rust joined State Farm in 1975 at the Dallas, Texas, regional office. He moved to the corporate law department in 1976 as an attorney, became senior attorney-agency later that year and was named assistant vice president in 1978. He was elected vice president in 1981. He was elected executive vice president, chief operating officer and a director in 1983. He became president and chief executive officer in 1985 and was elected to the additional post of chairman of the board in 1987.

A graduate of Illinois Wesleyan University in Bloomington, Rust holds both juris doctor and master of business administration degrees from Southern Methodist University, Dallas, Texas. Rust is chairman of the National Alliance of Business, chairman of the Insurance Institute for Highway Safety, chairman of the American Enterprise Institute and chairman of the Illinois Business Roundtable, and is a member of the National Commission on Mathematics and Science Teaching for the 21st Century. He also serves on the board of directors of Helmerich and Payne, Inc., Tulsa, Okla. He is a former trustee of The American Institute for Property and Liability Underwriters, a former member of the board of directors of the American Council of Life Insurance and a former member of the board of overseers of The Institute for Civil Justice. Rust is a member of the Illinois and Texas bar associations.

In addition, Rust is active in his community. He serves as a trustee for Illinois Wesleyan University and is a former member of the boards of the McLean County United Way and the YMCA of McLean County. Rust also serves on the Business Advisory Council of the University of Illinois College of Commerce and Business Administration and is chairman of the Business Roundtable’s Education Task Force, as well as a former member of the advisory council of the Stanford University Graduate School of Business.


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