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.
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
SOURCE Rabo AgriFinance