Farmer Mac Names Zachary Carpenter CEO July 1, 2026 as Business Volume Tops $34 B
AGM•Farmer Mac's board sets July 1, 2026 as Zachary N. Carpenter's start as CEO, with Bradford T. Nordholm shifting to senior advisor CEO Emeritus through September 30, 2026. Under Nordholm, Farmer Mac doubled annual earnings and grew outstanding volume above $34 billion, underpinning top-tier shareholder returns.
1. CEO Succession Details
Farmer Mac's board approved July 1, 2026 as the effective date for President and COO Zachary N. Carpenter to assume the role of CEO. Bradford T. Nordholm will transition to senior advisor CEO Emeritus through September 30, 2026 to support a seamless handoff and strategic continuity.
2. Nordholm's Tenure Achievements
Since his appointment in October 2018, Nordholm doubled Farmer Mac's annual earnings, expanded outstanding business volume to over $34 billion, and delivered top-tier shareholder returns among S&P Financials. His leadership oversaw diversification into new markets and strengthened the company's operating model.
3. Carpenter's Leadership and Plans
Carpenter joined Farmer Mac in May 2019 and has spearheaded strategy, business development and portfolio diversification, including renewable energy, broadband infrastructure and corporate agfinance expansions. He aims to build on current momentum, drive mission-focused growth and create durable shareholder value.
