After 36 years at State Farm Mutual Automobile Insurance company, CEO Michael Tipsord (Left) is retiring. President Jon Farney (Right) is set to replace Tipsord as CEO. (Credit: State Farm) After 36 years at State Farm Mutual Automobile Insurance company, CEO Michael Tipsord (Left) is retiring. President Jon Farney (Right) is set to replace Tipsord as CEO. (Credit: State Farm)

State Farm President Jon Farney is set to replace retiring Chairman and Chief Executive Officer (CEO) Michael Tipsord as State Farm CEO. Farney was named president of the 102-year-old insurance company on January 1 as Tipsord planned for retirement. He is poised to begin the CEO position on June 1, 2024.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ashley Hattle-Cleminshaw

Ashley Hattle-Cleminshaw serves as ALM's PropertyCasualty360 Senior Editor. She brings 10 years of experience in journalism and communications to the editorial team. Reach her by sending an e-mail to [email protected].

Commercial Lines
Personal Lines