The board of Farmer Mac has selected Bradford Nordholm as president and CEO, the company announced.
The company fired Timothy Buzby as president and CEO in December, saying the termination was based solely on violations of company policies.
Nordholm assumes leadership of the company effective Oct. 15. Lowell Junkins, who has served as acting president and CEO since December, will continue as chairman, a role that he has held since 2010.
Nordholm brings leadership experience in the agriculture, energy, capital markets, financial cooperatives, and GSE sectors. He joins Farmer Mac from Starwood Energy Group Global, a private investment firm specializing in energy infrastructure, where he served as the company's first CEO from 2006 to 2016 and most recently as vice chairman.
"Brad is a seasoned financial services executive with a long track record of fostering organizational growth and vitality in environments with characteristics well-matched to our organization, customers, and other stakeholders," Junkins said. "He has a wealth of experience developing and leading top-performing teams and has built a reputation for his high-integrity leadership, collegiality, and purpose of mission. Brad is well-respected for his financial and business acumen and has devoted his career to solving complex problems, creating opportunities, and delivering value on a broad scale in the agriculture, banking, and energy and power industries – the same industries we have been so proud to serve for the last 30 years."
Before joining Starwood Energy, Nordholm founded and served as CEO of an energy and power-focused investment firm after serving as general manager at Aquila, a merchant energy company. Earlier in his career, Nordholm held executive leadership positions at National Cooperative Bank and served as CEO of a $25 billion financial services cooperative owned by the nation's corporate credit unions.