|By Marketwired .||
|June 16, 2014 11:54 AM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 06/16/14 -- Agriculture and Agri-Food Canada
Agriculture Minister Gerry Ritz announced today the appointment of Michael Hoffort as President and Chief Executive Officer (CEO) of Farm Credit Canada (FCC). Mr. Hoffort's appointment is for a five-year term effective July 1, 2014. Biographical notes are attached
-- With a portfolio of more than $26 billion and 20 consecutive years of portfolio growth, FCC is Canada's leading agriculture lender. FCC advances the business of agriculture by providing financing, insurance, software, learning programs and other business services to producers, agribusinesses and agri-food operations. -- The FCC Board of Directors is appointed by the Government of Canada upon the recommendation of the Minister of Agriculture and Agri-Food. The Board is composed of 12 members, including the President and CEO and the Chair, and represents the breadth of Canadian agriculture.
"Mr. Hoffort has been with FCC for twenty-six years, and today I am very pleased to announce his appointment as FCC's President and CEO. I am confident his vast experience and knowledge of the Canadian agricultural industry will continue to benefit FCC in his new leadership role," said Minister Ritz. "I would also like to thank Greg Stewart, outgoing FCC President and CEO, for his hard work and dedication over the past six years."
- Agriculture Minister Gerry Ritz
Michael Hoffort has been with Farm Credit Canada for 26 years where he's held various positions of increasing responsibility. In the past 10 years, Mr. Hoffort, has held leadership positions including Executive Vice-President and Chief Risk Officer, Senior Vice-President, Portfolio and Credit Risk, Vice-President, Prairie Operations, and Vice-President, Partners and Channels. During this time, he delivered FCC's new Enhanced Risk Management Program to align FCC's risk management practices with those of federally-regulated financial institutions in Canada, he has led significant portfolio growth across multiple large business lines, including Partners and Channels and Prairie Sales Area, and he has helped engineer the growth and modernization of FCC's Customer Service Center. Mr. Hoffort is a graduate of the University of Saskatchewan where he received his Bachelor of Science Degree, agriculture economics. He also has his Professional Agrologist designation from the Saskatchewan Institute of Agrologists.
Follow us on Twitter: @AAFC_Canada
Agriculture and Agri-Food Canada
Director of Communications
Office of the Honourable Gerry Ritz
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