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The company announced on December 28, 2023, that Tipsord will be retiring in 2024 and will be succeeded by Jon Farney, currently the company's chief financial officer. [13] Jon Farney is the current president and chief executive officer of State Farm Mutual Automobile Insurance Company. [14]
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Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
Edward Barry Rust Jr. (born August 3, 1950) [1] 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.
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UBS recommends tech, financials, industrials and utilities stocks going into 2025, citing continued AI growth and pro-business policies under Trump.
Billionaire entrepreneur and top adviser to President-elect Donald Trump, Elon Musk, touted that he has reaped the benefits of a controversial class of weight-loss drugs, after fellow top Trump ...
Walmart (NYSE: WMT) and Costco (NASDAQ: COST) are both recession-resistant retailers. Walmart's scale enables it to sell its products at lower prices than many of its competitors, and it leverages ...