Farmer Mac Announces Retirement of Chief Executive Officer Bradford T. Nordholm and Appoints Zachary N. Carpenter President and Chief Operating Officer, Who Will Become CEO Upon Current CEO's Retirement
Farmer Mac (NYSE: AGM) announced significant leadership changes, with current CEO Bradford T. Nordholm planning to retire on March 31, 2027. The company has appointed Zachary N. Carpenter as President and Chief Operating Officer, effective immediately, who will succeed Nordholm as CEO upon his retirement.
Under Nordholm's leadership since 2018, Farmer Mac has achieved remarkable growth, doubling annual earnings and expanding business volume to over $30 billion. Carpenter, who joined in 2019, has been instrumental in diversifying the company's portfolio into new areas including Renewable Energy, Broadband Infrastructure, and Corporate Agribusiness, while strengthening stakeholder relationships.
The succession decision follows a comprehensive year-long evaluation process by the Board, considering both internal and external candidates.
Farmer Mac (NYSE: AGM) ha annunciato significativi cambiamenti nella leadership, con l'attuale CEO Bradford T. Nordholm che pianifica di andare in pensione il 31 marzo 2027. L'azienda ha nominato Zachary N. Carpenter come Presidente e Chief Operating Officer, con effetto immediato, che subentrerà a Nordholm come CEO al suo pensionamento.
Sotto la guida di Nordholm dal 2018, Farmer Mac ha registrato una crescita notevole, raddoppiando gli utili annuali e ampliando il volume d'affari oltre i 30 miliardi di dollari. Carpenter, entrato nel 2019, è stato strumentale nella diversificazione del portafoglio dell'azienda in nuove aree tra cui Energia Rinnovabile, Infrastrutture per la Banda Larga e Agribusiness Aziendale, rafforzando nel contempo i rapporti con gli stakeholder.
La decisione di successione è avvenuta a seguito di un processo di valutazione completo durato un anno condotto dal Consiglio, considerando sia candidati interni che esterni.
Farmer Mac (NYSE: AGM) anunció cambios significativos en el liderazgo, con el actual CEO Bradford T. Nordholm que planea retirarse el 31 de marzo de 2027. La empresa ha designado a Zachary N. Carpenter como Presidente y Director de Operaciones, con efecto inmediato, quien sucederá a Nordholm como CEO a su retirada.
Bajo el liderazgo de Nordholm desde 2018, Farmer Mac ha logrado un crecimiento notable, duplicando las ganancias anuales y ampliando el volumen de negocio a más de 30 mil millones de dólares. Carpenter, quien se unió en 2019, ha sido fundamental para diversificar la cartera de la empresa hacia nuevas áreas, incluyendo Energía Renovable, Infraestructura de Banda Ancha y Agronegocios Corporativos, mientras fortalece las relaciones con las partes interesadas.
La decisión de sucesión sigue a un proceso de evaluación integral de un año realizado por la Junta, considerando candidatos internos y externos.
파머 맥 (NYSE: AGM)가 중대한 리더십 변화를 발표했습니다. 현재 CEO인 Bradford T. Nordholm은 2027년 3월 31일에 은퇴할 계획입니다. Zachary N. Carpenter를 즉시 발령하여 사장 겸 최고운영책임자로 임명했으며, Nordholm이 은퇴하는 시점에 CEO를 인계받을 예정입니다.
2018년부터 Nordholm의 리더십 아래 파머 맥은 눈부신 성장을 이뤘으며, 연간 수익을 두 배로 늘리고 비즈니스 규모를 300억 달러 이상으로 확장했습니다. 2019년에 입사한 Carpenter는 재생에너지, 광대역 인프라, 기업 영농 등 새로운 영역으로 포트폴리오를 다변화하고 이해관계자 관계를 강화하는 데 기여했습니다.
교체 결정은 이사회가 내부 및 외부 후보를 모두 고려한 1년 간의 포괄적인 평가 과정을 거친 뒤 내려졌습니다.
Farmer Mac (NYSE: AGM) a annoncé d'importants changements de direction, le PDG actuel Bradford T. Nordholm prévoyant de prendre sa retraite le 31 mars 2027. L'entreprise a nommé Zachary N. Carpenter comme Président et Chief Operating Officer, avec effet immédiat, qui succédera à Nordholm en tant que CEO à son départ à la retraite.
Sous la direction de Nordholm depuis 2018, Farmer Mac a connu une croissance remarquable, en doublant les résultats annuels et en élargissant le volume d'activité à plus de 30 milliards de dollars. Carpenter, qui a rejoint l'entreprise en 2019, a joué un rôle déterminant dans la diversification du portefeuille de l'entreprise vers de nouveaux domaines, notamment l'Énergie renouvelable, l'Infrastructure de haut débit et l'Agribusiness d'entreprise, tout en renforçant les relations avec les parties prenantes.
La décision de succession résulte d'un processus d'évaluation d'un an mené par le Conseil, évaluant à la fois les candidatures internes et externes.
Farmer Mac (NYSE: AGM) hat bedeutende Führungsänderungen angekündigt, wobei der derzeitige CEO Bradford T. Nordholm plant, am 31. März 2027 in den Ruhestand zu gehen. Zachary N. Carpenter wurde mit sofortiger Wirkung zum Präsidenten und Chief Operating Officer ernannt, der Nordholm nach dessen Ruhestandszeit als CEO nachfolgen wird.
Unter Nordholms Führung seit 2018 hat Farmer Mac ein bemerkenswertes Wachstum erzielt, das Jahresergebnis verdoppelt und das Geschäftsvolumen auf über 30 Milliarden Dollar erweitert. Carpenter, der 2019 beigetreten ist, war maßgeblich an der Diversifizierung des Portfolios des Unternehmens in neue Bereiche wie Erneuerbare Energien, Breitbandinfrastruktur und Corporate Agribusiness beteiligt und hat gleichzeitig die Beziehungen zu den Stakeholdern gestärkt.
Die Nachfolgelösung folgt auf einen umfassenden einjährigen Evaluierungsprozess durch das Board, bei dem sowohl interne als auch externe Kandidaten berücksichtigt wurden.
أعلنت Farmer Mac (NYSE: AGM) عن تغييرات كبيرة في القيادة، حيث يخطط المدير التنفيذي الحالي Bradford T. Nordholm للتقاعد في 31 مارس 2027. وقد عيّنت الشركة Zachary N. Carpenter رئيساً للولاية والمدير التنفيذي للعمليات، اعتباراً من الآن، ليتولى منصب المدير التنفيذي عند تقاعده.
وتحت قيادته منذ 2018، حققت Farmer Mac نمواً ملحوظاً، مضاعفة الأرباح السنوية وتوسيع حجم الأعمال لأكثر من 30 مليار دولار. وقد لعب Carpenter، الذي انضم في 2019، دوراً رئيسياً في تنويع محفظة الشركة إلى مجالات جديدة بما في ذلك الطاقة المتجددة وبنية التحتية للنطاق العريض والأعمال الزراعية المؤسسية، مع تعزيز العلاقات مع أصحاب المصلحة.
يلي هذا القرار عملية تقييم شاملة استمرت عاماً من قبل المجلس، مع النظر في المرشحين الداخلين والخارجين.
Farmer Mac (NYSE: AGM) 宣布重大人事变动，现任首席执行官 Bradford T. Nordholm 计划于 2027年3月31日 退休。公司已任命 Zachary N. Carpenter 为总裁兼首席运营官，即刻生效，Nordholm 退休时将接任 CEO。
在 Nordholm 自2018年以来的领导下，Farmer Mac 实现了显著增长，年度利润翻倍，业务量扩大至超过300亿美元。自2019年加入的 Carpenter 在将公司组合多元化到新能源、宽带基础设施和企业农业等新领域方面发挥了重要作用，同时加强了与利益相关者的关系。
董事会经过为期一年的综合评估后，作出了这一接班决定，考察了内部与外部候选人。
- Company doubled annual earnings under current CEO leadership
- Business volume grew to over $30 billion
- Delivered top-tier total shareholder returns among S&P Financials
- Successfully diversified loan portfolio into new growth sectors
- Internal succession plan ensures leadership continuity
- Extended timeline for CEO transition (18 months) could create uncertainty
- Potential execution risk in leadership transition period
Mr. Nordholm was appointed as Farmer Mac's President and Chief Executive Officer in October 2018. Under his leadership, Farmer Mac has deepened and refined its mission, ultimately for the economic prosperity of rural America. Notably, Farmer Mac doubled its annual earnings, grew outstanding business volume to over
The Board's decision to select Mr. Carpenter as the next Chief Executive Officer follows a thorough, year‑long process of collaboration by the Board to define the appropriate successor profile and to conduct an internal and external search that included the evaluation of numerous qualified candidates.
Mr. Carpenter joined Farmer Mac in May 2019 after roles with increasing responsibility and diversity of experience at Johnson & Johnson, Goldman Sachs, and CoBank. By playing a key leadership role in Farmer Mac's strategic decision to diversify its loan portfolio into newer lines of business, such as Renewable Energy, Broadband Infrastructure, and Corporate Agribusiness, as well as helping to grow our Farm & Ranch and Power & Utilities businesses, he has deepened the company's mission-focused impact that is benefiting both Farmer Mac and rural America through changing market cycles. That expansion of Farmer Mac's secondary market to support the agribusiness and critical rural infrastructure sectors—from the agriculture supply chain supporting food, fiber and fuel production to broadband that connects historically underserved communities to reliable power systems essential for modern life—has helped more people across rural America access food, education, healthcare, economic opportunity, and stability, even in uncertain economic times. Mr. Carpenter has also been instrumental in strengthening Farmer Mac's stakeholder relationships, a core company value, by building new connections with financial institutions and strategic partners in sectors that were new to the company.
"The Board undertook a deliberate and thorough process to identify the right leader for Farmer Mac's next chapter of mission-focused growth," said Lowell L. Junkins, Board Chair. "Zack's track record, strategic vision, and deep commitment to our mission make him a great choice to step into the role of President and Chief Operating Officer. By naming Zack as Chief Executive Officer upon Brad's retirement, the Board expresses our confidence in his ability to build on Farmer Mac's strong financial momentum, commitment to mission, and culture, and guide the company to even greater impact for rural America."
"When we recruited Zack to Farmer Mac in 2019, it was with a clear vision of fully exercising the authorities Congress has provided us in service of our mission," said Mr. Nordholm. "He has delivered on that vision with exceptional skill, building entirely new business lines, extending our reach to more corners of rural America, developing strong customer relationships, and forging enduring strategic partnerships. I am proud of Zack and confident in the Board's decision to name Zack as the next CEO. His passion for rural America and his ability to turn that passion into tangible results make him exceptionally well‑suited to lead Farmer Mac into the future."
"I am honored to be selected to be the President and Chief Operating Officer of Farmer Mac and grateful for the trust placed in me by the Board," said Mr. Carpenter. "Brad has played a pivotal role in strengthening and growing Farmer Mac, and as I transition into the CEO role, I look forward to continuing that progress during our next chapter of growth alongside the talented Farmer Mac team. Together, we will continue to accelerate opportunities for rural America, strengthen our relationships, and deliver on our mission that provides vital liquidity to the agricultural and rural infrastructure sectors, while continuing to build shareholder value for the long-term."
About Farmer Mac
Farmer Mac is driven by its mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure. Our secondary market provides liquidity to our nation's agricultural and infrastructure businesses, supporting a vibrant and strong rural America. We offer a wide range of solutions to help meet financial institutions' growth, liquidity, risk management, and capital relief needs across diverse markets, including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy. We are uniquely positioned to facilitate competitive access to financing that fuels growth, innovation, and prosperity in America's rural and agricultural communities. Additional information about Farmer Mac is available on our website at www.farmermac.com.
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SOURCE Farmer Mac
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