Farm Credit West names CEO
Adam Firestone, chairman of the Farm Credit West Board of Directors, announced that Mark D. Littlefield will succeed Kenneth E. Graff as president and chief executive officer upon Graff’s retirement.
Littlefield will continue in his current role as executive vice president-Risk Management for Farm Credit West for the remainder of the year while working closely with Graff on transition issues. He will assume full responsibility for the president/CEO position on Jan. 1, 2011, at which time Graff will assume an advisory role to the new CEO-elect and the board until his retirement effective March 31, 2011.
Littlefield has been a member of the Farm Credit West team since 1986, and has been employed in the Farm Credit System since 1984. In his current position, he is responsible for Farm Credit West’s Risk Management functions, including Portfolio Management, Capital Markets, Special Assets, Technology and Appraisal Services. He has been instrumental in developing risk management and economic capital modeling processes that are now in use in many Farm Credit System associations. Littlefield continues to be active in Farm Credit System initiatives involving risk management, economic capital and other capital issues. He is currently the chairman of the Financial Partners, Inc. Enhancement Prioritization Committee. — WLJ