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Federal Agricultural Mortgage Corporation (NYSE:AGM) announced this week that Executive Vice President, Chief Financial Officer, and Treasurer Aparna Ramesh has notified the company of her resignation, effective July 31. According to a statement in the company’s Securities and Exchange Commission filing, Ramesh is leaving to pursue another opportunity. The company said her resignation is not related to any disagreement regarding accounting practices, financial reporting, internal controls, or operations.
The company, also known as Farmer Mac, stated that it plans to retain an executive search firm to conduct a nationwide search for its next Chief Financial Officer.
On Wednesday, the Board of Directors appointed Gregory N. Ramsey, currently Vice President and Chief Accounting Officer, to serve as interim principal financial officer beginning August 1. Ramsey, 61, has been the company’s principal accounting officer since October 2013, was promoted to Vice President – Controller in May 2018, and to his current role in April 2023. He previously served as Farmer Mac’s interim principal financial officer from July 2019 through January 2020.
Prior to joining Farmer Mac, Ramsey held positions including Senior Manager at PricewaterhouseCoopers from 2010 to 2013, Vice President of Accounting Policy at Fannie Mae (OTC:FNMA) from 2004 to 2010, and Professional Accounting Fellow in the Chief Accountant’s Office of the Office of the Comptroller of the Currency from 2002 to 2004. He is a Certified Public Accountant.
The company reported that there is no agreement or understanding with any other person regarding Ramsey’s appointment as interim principal financial officer. There are no family relationships between Ramsey and any directors or executive officers, and no transactions requiring disclosure under SEC regulations. No new compensatory arrangement has been made in connection with his interim appointment.
This information is based on a statement in the company’s SEC filing.
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