St. Louis, Missouri
May 14, 2008
Rabobank International today announced the appointment of
John J. Ryan as President and Chief Executive Officer of its
U.S. farm lending subsidiary,
Rabo AgriFinance, effective October 1, 2008. Mr. Ryan will
replace current President and Chief Executive Officer, Richard
E. Henderson, who earlier this year announced his intention to
retire in the fall.
Mr. Ryan will join Rabo AgriFinance from his former role as
President and Chief Executive Officer of Farm Credit Canada, a
position he held from 1997 until 2007. Farm Credit Canada is the
largest provider of business and financial services to farms and
agribusiness entities in Canada, with a total loan portfolio of
$14 billion and 1300 employees working from 100 offices located
across the country. During his decade-long tenure, Mr. Ryan led
the strategic repositioning and expansion of Farm Credit Canada
into the country's largest agricultural lender, achieving 300
percent growth in loans and a considerable increase in profits,
as well as the development of several new lines of business.
Rabo AgriFinance provides a full array of financial products and
services to agricultural producers across the United States, and
manages assets of approximately $5 billion. Mr. Henderson
oversaw the development of Rabo AgriFinance into one of the
largest agricultural lenders in the U.S., since Rabobank's 2003
acquisitions of the two predecessor companies.
"The organization has benefited tremendously from Rick
Henderson's seasoned leadership and industry expertise over the
past five years," said Cor Broekhuyse, Regional Manager for
Rabobank International in the Americas, "and we are deeply
appreciative of his many significant contributions and
commitment to helping Rabo AgriFinance become a preferred lender
to America's farmers, ranchers and producers.
"In John Ryan, we are pleased to have another leader with
impeccable credentials and experience at the helm of Rabo
AgriFinance," Broekhuyse continued. "We look forward to John
continuing to build on the strong foundation established over
the past five years, while applying his own unique talents and
perspective to further strengthen the Rabo AgriFinance
organization and enhance its role as a valued financial partner
to U.S. agricultural producers."
Mr. Ryan brings more than 35 years experience in banking and
finance to his new role at Rabo AgriFinance, as well as proven
organizational management skills. Under his leadership, Farm
Credit Canada was recognized as one of the top 50 employers in
Canada for five consecutive years. Before becoming CEO of Farm
Credit Canada, he spent 25 years with the Business Development
Bank of Canada (formerly the Federal Business Development Bank),
where he held a variety of titles, most recently as Executive
Vice President and Chief Operating Officer.
"I am extremely pleased and excited about the opportunity to
join Rabobank AgriFinance," says Ryan. "I look forward to
working with Rabobank AgriFinance employees to build on the
successful track record established during Rick Henderson's
tenure of providing customer driven solutions to farmers and
ranchers throughout United States."
Rabo AgriFinance, headquartered in St. Louis, Missouri,
originates and services agricultural loans for farmers and
ranchers throughout the United States. Rabo AgriFinance offers a
comprehensive suite of agricultural financial services and crop
insurance through a network of relationship managers and loan
production offices across the U.S. With over 300 employees and
approximately $5 billion in assets under management, Rabo
AgriFinance is one of the largest agricultural lenders in
America.
From its century-old roots in the Netherlands, Rabobank today is
a comprehensive financial services provider ranking as one of
the 25 largest banks in the world and one of the few banks with
a AAA credit rating from both Standard & Poor's and Moody's
Investors Service. In the Americas, Rabobank is a specialist in
customer-driven solutions in the capital markets and structured
finance arenas, a community-oriented mid-size California bank, a
premier financial partner to the entire American food and
agribusiness industry, and a leading provider of agricultural
financing products to U.S. farmers, ranches, input suppliers and
agricultural manufacturers. |
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