During his time as the vice president of strategy, innovation, and venture capital at State Farm in Bloomington, Illinois, Haden Kirkpatrick was responsible for a P&L of $160 million, $85 million in operating expenses, around 1,000 employees, and six direct reports. He played a key role in turning around struggling State Farm Subsidiaries such as the Corporate Venture Capital Unit, the Insurtech Subsidiary, and HiRoad Assurance Company, as well as in-house new product and research and development units. Reporting directly to the chief transformation officer, Haden Kirkpatrick frequently collaborated with cross-functional business development and innovation teams.
Haden Kirkpatrick spearheaded a more aggressive investment approach at State Farm that yielded an 88 percent return on capital and startup attachment rates of 60 percent, up from about 20 percent. His efforts decreased operational costs by $2.2 billion over five years. His other achievements at State Farm ranged from leading a $1.2 billion ADT partnership to heading an innovation group that became one of the most profitable units in State Farm history.
Haden Kirkpatrick studied mechanical engineering at the Rose-Hulman Institute of Technology. He holds a political science degree from Indiana University and has completed numerous executive education programs with the Booth School of Business at the University of Chicago.