Farmer Mac (AGM) Announces CEO Retirement, Appoints Carpenter as COO

Group 1 - Federal Agricultural Mortgage Corporation (NYSE:AGM) is considered one of the most undervalued financial stocks by Wall Street analysts [1] - CEO Bradford T. Nordholm will retire on March 31, 2027, and Zachary N. Carpenter has been appointed as President and COO, effective immediately [1][2] - Under Nordholm's leadership since October 2018, the company doubled its annual earnings and increased its business volume to over $30 billion [2][4] Group 2 - The Board's decision for Carpenter's promotion followed a year-long evaluation process, which included amendments to Nordholm's employment agreement [3] - Carpenter's base salary and long-term incentive eligibility were increased as part of the transition plan [3]