The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) announced today that its Chief Executive Officer, Bradford T. Nordholm, will retire on March 31 2027. The company also disclosed that its Board of Directors has appointed Zachary N. Carpenter, the current Executive Vice President – Chief Business Officer, as President and Chief Operating Officer, with a mandate to become CEO upon Nordholm’s retirement.
Nordholm has led Farmer Mac through a period of record growth and strategic expansion into rural infrastructure, and his planned retirement marks the end of a significant era for the organization. Carpenter’s promotion to President and COO positions him to maintain continuity in leadership and to carry forward the company’s mission of providing liquidity for agriculture and rural infrastructure.
The announcement signals a smooth succession plan with no immediate operational changes expected. By naming a senior executive already familiar with Farmer Mac’s strategy, the board aims to preserve stability and confidence among lenders, investors, and regulators during the transition period.
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