Chairman and CEO
State Farm Insurance Companies
Edward B. Rust Jr. is chairman of the board and chief executive officer of State Farm Insurance Companies.
He joined State Farm in 1975 at the company’s Dallas, Texas, regional office. He became president and chief executive in 1985 and was elected chairman of the board two years later.
Rust is vice-chair of Business Roundtable and co-chairman of the Business Coalition for Student Achievement. He serves on the boards of America’s Promise Alliance, the James B. Hunt, Jr., Institute for Educational Leadership, and Achieve, Inc. He is former chairman of the Business-Higher Education Forum and Business Roundtable’s Education Initiative. He served on the National (Glenn) Commission on Mathematics and Science Teaching for the 21st Century and on the No Child Left Behind Commission.
He was co-chair of Business Roundtable for more than seven years. He is also past chairman of the American Enterprise Institute, The Financial Services Roundtable, the National Alliance of Business and the Insurance Institute for Highway Safety. He currently serves as a trustee of Illinois Wesleyan University.
He is a member of the boards of directors of Caterpillar, Inc., Helmerich and Payne, Inc., and McGraw-Hill Companies, Inc., and trustee of The Conference Board.
A graduate of Illinois Wesleyan, Rust holds both juris doctor and MBA degrees from Southern Methodist University.