Rabo AgriFinance Names John J. Ryan New President and CEO
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Richard E. Henderson to Retire in Fall 2008 ST. LOUIS, May 14 /PRNewswire/ -- 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 (www.RaboAg.com), 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. SOURCE Rabo AgriFinance Lynne Burns for Rabo AgriFinance, 212-808-2581
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