Business
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
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today the planned retirement of its Chief Executive Officer Bradford T. Nordholm on March 31, 2027. Farmer Mac also announced that its Board of Directors has appointed Zachary N. Carpenter, currently Executive Vice President – Chief Business Offi
About this update from Federal Agricultural Mortgage Corporation
[{"type":"text","content":"WASHINGTON, Sept. 25, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today the planned retirement of its Chief Executive Officer Bradford T. Nordholm on March 31, 2027. Farmer Mac also announced that its Board of Directors has appointed Zachary N. Carpenter, currently Executive Vice President – Chief Business Officer, as President and Chief Operating Officer, effective immediately, and has named Mr. Carpenter as the successor to Mr. Nordholm upon his retirement. In this role, Mr. Carpenter will take on expanded responsibility while continuing to work with the executive team and Mr. Nordholm.","length":830,"tagName":"p"},{"type":"image","alt":"Farmer Mac Logo: Accelerating Rural Opportunities (PRNewsfoto/Farmer Mac)","displaySize":"","headline":null,"caption":"Farmer Mac Logo: Accelerating Rural Opportunities (PRNewsfoto/Farmer Mac)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":95,"url":"https://media.zenfs.com/en/prnewswire.com/e1f5aca06d24353c67fc1838dbe5ac16"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/drXE7SBsvkcvSAuMIZ0y4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e1f5aca06d24353c67fc1838dbe5ac16","width":400,"height":95}},"href":"https://mma.prnewswire.com/media/2377399/Farmer_Mac_Logo___Tagline_Full_Color_JPG_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 $30 billion, and delivered top-tier total shareholder returns among S&P Financials, reflecting consistent earnings growth and operational momentum.","length":471,"tagName":"p"},{"type":"text","content":"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 t...