Edward Barry Rust Jr. (born August 3, 1950)[1] was chairman of the board of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois.
Ed Rust stepped down on September 1, 2015; when Michael Tipsord was named the new President and CEO of State Farm Insurance.
He is the son of Edward Barry Rust Sr., who was the former chief executive officer and chairman of State Farm Insurance Companies.
[citation needed] A graduate of 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.
In June 2015 Rust announced that after 30 years he would step down as CEO of State Farm in September 2015.