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Farmer Mac Announces Effective Date for Completion of CEO Succession

  • Farmer Mac's Board of Directors approved July 1, 2026, as the effective date for Zachary N. Carpenter to assume the role of CEO from Bradford T. Nordholm.
  • Mr. Nordholm will transition to Senior Advisor to the CEO with the honorary title of CEO Emeritus through September 30, 2026.
  • The leadership change follows a transition plan announced in September 2025, during which Mr. Carpenter served as President & Chief Operating Officer.
  • During his tenure starting in October 2018, Mr. Nordholm led Farmer Mac to double annual earnings, grow outstanding business volume to over $34 billion, & deliver top-tier shareholder returns among S&P Financials.
  • Mr. Carpenter joined Farmer Mac in May 2019 after roles at CoBank, Goldman Sachs, & Johnson & Johnson.
  • Mr. Carpenter played a key role in expanding Farmer Mac's support for Renewable Energy, Broadband Infrastructure, & Corporate AgFinance while growing Farm & Ranch & Power & Utilities businesses.
  • Board Chair Lowell L. Junkins stated the transition has been seamless & reflects a company aligned with a strong culture & clear mission commitment.