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It is also Bloomington’s biggest employer with about 15,000 workers in the city. 41 on the 2014 Fortune 500 list of largest companies. State Farm has about 65,000 employees and is ranked No.
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“This great organization is blessed with a strong leadership team and State Farm associates who are committed to helping our customers live confidently every day,” Tipsord said. Tipsord, the release said, called the time he’s spent working with Rust “a privilege.” Another person told me State Farm has serious internal problems that are making them un-competitive. The new management has no reason to be loyal to Bloomington-Normal. One felt Ed Rust protected Bloomington-Normal, but he is no longer there. Rust credited Tipsord for working with him as a partner leading the company. By: Diane Benjamin Ive talked to numerous people about what is really going on at State Farm. He became a vice president in 2002 and chief financial officer in 2004 before taking his current job in 2011. “During his 27-year career with our company, he has been a key leader in driving our continued growth and success.” “Michael has a deep understanding of the opportunities and challenges emerging in our rapidly changing marketplace,” Rust told State Farm employees Thursday. Rust, 64, will remain chairman of the company’s board. The Bloomington-based insurance and financial company said in a news release that Tipsord will take over in September from Rust, who has held the post since 1985. announced Thursday that Chief Operating Officer Michael Tipsord will become its next chief executive, succeeding Ed Rust Jr., who has led the private company since the mid-1980s.