State Farm CEO, Alumnus Ed Rust Named Vice Chair of U.S. Chamber of Commerce
Edward B. Rust
June 9, 2011
BLOOMINGTON, Ill. – Illinois Wesleyan University Board of Trustees member and alumnus,
Edward B. Rust Jr., was elected vice chairman of the U.S. Chamber of Commerce’s board
of directors, which represents more than 3 million businesses across the nation.
Rust, who graduated from Illinois Wesleyan in 1972 with a degree in business administration,
is the chairman of the board and chief executive officer of State Farm Mutual and
its principal affiliates. Joining State Farm in 1975 at the company’s Dallas, Texas,
regional office, Rust became president and chief executive in 1985. He was elected
chairman of the board two years later. He has been a member of the IWU Board of Trustees
Rust is active in the support of U.S. business. He is the 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. In addition, he is a member of the boards of directors
of Caterpillar Inc., Helmerich & Payne, Inc., and McGraw-Hill Companies. Currently,
he also serves as a trustee of The Conference Board and the Committee for Economic
A former chairman of the Business-Higher Education Forum and Business Roundtable’s
Education Initiative, Rust also 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.
Along with his bachelor’s degree from Illinois Wesleyan, Rust has a Juris Doctor degree
and a master’s of business from Southern Methodist University. He also received an
honorary doctorate from Illinois Wesleyan in 1994.
Contact: Rachel Hatch, (309) 556-3960