Michael Tipsord took over the reins of one of America’s largest insurance and financial services companies, State Farm, in 2015 after the departure of Edward Barry Rust Jr. from the position of CEO and President. In 2016, he also became the Chairman of the core business of the company – State Farm Mutual Automobile Insurance Company. State Farm CEO Michael is an industry veteran, who has held several leadership positions in the company right from CFO to COO. In his new role, he is focused on business expansion and evolution as well as value addition to customer experiences.
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State Farm Competitors
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Salary & Net Worth – Investors, Funding, & Valuation
In 2017, State Farm Insurance Company CEO Michael earned an overall package of 8.5 million USD, including a base salary of 1.6 million USD and incentives worth around 6.9 million USD. His net worth will be added after a while.
The total net worth of the company was 87.6 billion USD in 2016 and 97 billion USD in 2017. Other details will be provided later on.
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Career & Education – Company, University, & College
Founder George J. Mecherle set up State Farm in 1922. Tipsord started his career with the company in 1988 holding multiple senior positions comprising Vice Chairman of the Board, Chief Financial Officer, and Chief Operating Officer. In 2011, he became COO and prior to that in 2004, he became Vice Chairman and CFO. Before he came to State Farm, he was a law practitioner.
Michael has done graduation from Illinois Wesleyan University in Bloomington. He went to the University of Illinois, Urbana-Champaign to earn a degree in Law. He also holds a CPCU (Chartered Property Casualty Underwriter) designation and a CLU (Chartered Life Underwriter) designation along with having a Public Accounting certificate.
Contact Michael Tipsord – Email Address | Twitter | LinkedIn
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State Farm Customer Care Number | Help & Support
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Wiki Trivia on Michael Tipsord – Age, Wife, Family, & More
State Farm CEO Michael, age 59, was born in Illinois in 1959. His wife’s name is Conni Tipsord. The couple has three sons. Michael is a sports lover.
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