Farmer Mac (AGM) Announces CEO Retirement, Appoints Carpenter as COO [Yahoo! Finance]
Federal Agricultural Mortgage Corporation (AGM.A)
Company Research
Source: Yahoo! Finance
undervalued financial stocks to buy according to Wall Street analysts . On September 25, the company announced that CEO Bradford T. Nordholm will retire on March 31, 2027. The Board also appointed Zachary N. Carpenter as President and Chief Operating Officer (COO), effective immediately. Carpenter is currently Executive Vice President and Chief Business Officer. Upon Nordholm's retirement, Carpenter will take over as CEO. Farmer Mac (AGM) Announces CEO Retirement, Appoints Carpenter as COO Copyright: budabar / 123RF Stock Photo Nordholm, who became CEO in October 2018, oversaw the doubling of the company's annual earnings and grew its business volume to over $30 billion. The company also maintained over two decades of consecutive dividend payments during the tenure. The Board's choice for a successor followed a year-long, deliberate internal and external evaluation process. The process included amendments to Nordholm's employment agreement, extending his CEO term to March 31,
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News
- Nice Entry Point For Farmer Mac's Preferred Securities. [Seeking Alpha]Seeking Alpha
- Farmer Mac Names Matthew M. Pullins as EVP - Chief Financial Officer and TreasurerPR Newswire
- Farmer Mac Closes $313.5 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS) [Yahoo! Finance]Yahoo! Finance
- Farmer Mac Closes $313.5 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)PR Newswire
- Federal Agricultural Mortgage: I'm Sticking To A 'Strong Buy' Rating [Seeking Alpha]Seeking Alpha