04:42 PM EDT, 09/25/2025 (MT Newswires) -- Federal Agricultural Mortgage ( AGM ) said late Thursday that Chief Executive Bradford Nordholm will retire on March 31, 2027.

The company's board has appointed Zachary Carpenter, currently executive vice president and chief business officer, as president and chief operating officer, effective immediately. Carpenter will succeed Nordholm as CEO upon his retirement.

In his new role, Carpenter will take on expanded responsibilities and work closely with the executive team and Nordholm until his retirement, the company said.