State Farm Mutual Automobile Insurance Co. announced today that Vincent J. Trosino Sr., its president, vice chairman and chief operating officer, will retire at the end of 2006, ending a 44-year career with the company.
Trosino, 65, became president eight years ago. He had been named executive vice president in 1987, chief operating officer in 1991 and vice chairman in 1994. He’s also vice chairman of the board of State Farm Fire and Casualty Co. and State Farm Life Insurance Co. He also serves on the boards of other State Farm affiliates.
He’s a graduate of Villanova University and holds a graduate degree from Illinois State University. Trosino began his State Farm career as a trainee at the company’s Pennsylvania regional office in 1962. After a series of promotions there, at State Farm’s corporate headquarters and at a regional office in California, he was elected regional vice president for State Farm’s nine-state Northeastern region in 1981.
State Farm Chairman and Chief Executive Officer Edward B. Rust Jr., who will resume serving as the company’s president when Trosino retires, observed that Trosino’s leadership, skills and insights have had a profound positive impact on the growth and success of the State Farm organization.
Trosino has served on the Brookings Institution’s Board of Trustees since 1996. He joined the board of the Insurance Information Institute in 2002 and has served on the board of Vulcan Materials Co. since 2003.
He is past chairman of the board of the American Institute for CPCU, the Insurance Institute of America and the Insurance Institute for Applied Ethics. Trosino also served eight years on the State of Illinois Judicial Inquiry Board and is also a former member of the board of the American Judicature Society. He served on the Illinois State University Foundation board for nine years, four years as its chairman. He served on the Board of Advisors of Villanova University’s College of Commerce and Finance. And he was chairman of the advisory board of the Children’s Foundation of McLean County, Ill.
He was named a distinguished alumnus by Villanova’s College of Arts and Sciences and inducted into Illinois State University’s College of Arts and Sciences Hall of Fame. Five years ago he was a recipient of the Joseph Cardinal Bernardin Humanitarian of the Year Award.
Source: State Farm Insurance
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