CHICAGO, Aug. 10 /PRNewswire-HISPANIC PR WIRE/ — State Farm Chairman and CEO Ed Rust Jr. is one of four leaders of large businesses based in the Midwest to be honored Friday, Aug. 14, as part of Minority Enterprise Development Week, hosted by the U.S. Commerce Department’s Minority Business Development Agency (MBDA).
Others receiving the CEO Leadership Circle of Excellence Award are Mark Hoplamazian, president and CEO of Hyatt; Brendan McDonagh, CEO of HSBC-North America; and Patricia Woertz, chairman, president and CEO of Archer Daniels Midland.
MBDA says winners of the award are chosen for their leadership and their organization’s accomplishments in management team diversity, diverse vendor relationships and community relations efforts.
The Friday night awards dinner ends two days of workshops for minority-owned businesses in 10 states.
About State Farm(R):
State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. State Farm’s 17,700 agents and 68,600 employees serve 81 million policies and accounts – more than 78.7 million auto, fire, life and health policies in the United States and Canada, and more than 1.9 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 31 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com(R) or in Canada statefarm.ca(R).
SOURCE State Farm