Management ChangeJun 8, 2026, 04:27 PM
Farmer Mac CEO Nordholm Retires Early; Carpenter Appointed
AI Summary
Bradford T. Nordholm will retire as President and CEO of Federal Agricultural Mortgage Corporation (Farmer Mac) effective July 1, 2026, earlier than his previously announced retirement date. Zachary N. Carpenter, currently President and COO, will succeed him as CEO on the same date. Mr. Nordholm will transition to a senior advisor role with the honorary title of CEO Emeritus until September 30, 2026, to support the transition. The Board expressed satisfaction with the seamless handover, and both executives highlighted the company's strong position and future opportunities.
Key Highlights
- Bradford T. Nordholm will retire as CEO of Farmer Mac effective July 1, 2026.
- Zachary N. Carpenter will assume the role of CEO of Farmer Mac effective July 1, 2026.
- Mr. Nordholm will serve as Senior Advisor to the CEO and CEO Emeritus until September 30, 2026.
- Nordholm's 2026 incentive salary will be prorated and paid after September 30, 2026.
- Nordholm's 2026 RSUs will be prorated and vest on September 30, 2026.
- During Nordholm's tenure, Farmer Mac doubled annual earnings and grew business volume to over $34 billion.
Price Impact
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