INDIANA FARM BUREAU INSURANCE ANNOUNCES NEW CEO
INDIANAPOLIS – Indiana Farm Bureau Insurance announces that Joseph A. Martin, the company's current chief operating officer (COO) and senior vice president, marketing, has been selected after a nationwide search to serve as its next executive vice president and chief executive officer (CEO) beginning in January 2014. Current CEO Jerry Canada will retire in December 2013 after holding the position for eleven years.
Martin has been employed with Indiana Farm Bureau Insurance since 1980 and has also served the companies as senior vice president and chief financial officer; senior vice president, life operations; and senior vice president, corporate services.
"The Indiana Farm Bureau Insurance Board of Directors was impressed with Joe's extensive experience and success with our companies over the past 33 years," Indiana Farm Bureau President Don Villwock said. "These experiences, along with his track record of helping build effective teams, have prepared him for this important role with the companies."
A graduate of Eastern Illinois University with a bachelor's degree in business, Martin also earned his MBA from Duke University. He holds both the Chartered Financial Analyst (CFA) and Chartered Life Underwriter (CLU) designations.
"I am very honored and excited that our Board of Directors has chosen me for this opportunity," Martin said. "I look forward to leading our companies along the same path that Jerry Canada has defined during his 11-year tenure."
Martin is active in numerous industry committees and professional organizations. He also serves as Chairman of the Board of Directors of Farm Bureau Bank, FSB.
"Jerry Canada has had a tremendous impact on our companies since taking the helm more than a decade ago," Villwock said. "His hard work and dedication are greatly appreciated and he will leave behind a lasting legacy. We sincerely thank him for his service and wish him the best in the future."
Canada, originally from Charlotte County, Va., has served as executive vice president and CEO of Indiana Farm Bureau Insurance since Oct. 28, 2002. A graduate of Old Dominion University, he began his insurance career at Virginia Farm Bureau as an agent in 1978. He graduated from the MBA program at Virginia Commonwealth University in 1997. He and his wife plan to return to Virginia to be closer to family.
Canada says he has truly enjoyed his time as CEO of the Indiana Farm Bureau Insurance family of companies. "I will definitely miss all the friends and colleagues I have made along the way. I wish Joe Martin much success in his new role."
Indiana Farm Bureau Insurance has served Hoosiers for nearly 80 years. Organized in 1934 by Indiana Farm Bureau, Inc., the company has grown to include insurance products for auto, life, home, business and farm. Banking and other financial services and products are also available through its local offices and online at www.infarmbureau.com. With a home office in downtown Indianapolis and local offices in all 92 counties, Indiana Farm Bureau Insurance serves Hoosiers with nearly 500 agents and approximately 1,200 employees living and working throughout the state. The company is a leader in auto and homeowners insurance and the largest writer of farm insurance in the state.