|News Release||Farm Credit Administration|
1501 Farm Credit Drive
McLean, Virginia 22102-5090
For Immediate Release
NR 10-06 (04-23-10)
Contact: Mike Stokke or Christine Quinn, 703-883-4056
Web site: www.fca.gov
Farm Credit Administration Chief Examiner Announces Retirement
McLEAN, Va., April 23, 2010 — Thomas G. McKenzie, who since 2004 has served as the chief examiner and director of the Office of Examination for the Farm Credit Administration (FCA), has announced his plan to retire October 31.
“During his 31 years with FCA, Tom McKenzie has served the agency with distinction,” said FCA Chairman and CEO Leland A. Strom. “He has provided outstanding leadership in many capacities, and the experience of his years of service will be missed.”
McKenzie began his federal career with FCA in 1979, initially serving as a management specialist to the Agricultural Bank in Riyadh, Saudi Arabia, under a specialized advisory and training project coordinated by the U.S. Department of the Treasury. Before becoming FCA’s chief examiner in August 2004, he was the director of the Office of Secondary Market Oversight, the director of the Office of Policy and Analysis, and he held several division director positions in the agency. Prior to joining FCA, he was employed by several institutions of the Farm Credit System, where he began his career in agricultural credit in 1971.
“We have been working closely with Tom to plan the process for hiring a new chief examiner and for an orderly transition of his responsibilities,” said Chairman Strom. “Tom will continue to direct the functions of the Office of Examination until the transition is completed. Until then, he remains responsible for the agency’s examination program, and there will be no change in day-to-day operations.”
Chairman Strom said the agency will soon issue a government-wide announcement to recruit for a new chief examiner and director of the Office of Examination. The entire process is expected to take several months.
After October 31, McKenzie will return to his home state of Tennessee.
The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System and the Federal Agricultural Mortgage Corporation (Farmer Mac). FCA charters, regulates, and examines the 99 banks, associations, and service corporations of the Farm Credit System, which makes loans to agricultural producers and their cooperatives nationwide. FCA also examines and regulates Farmer Mac, which provides a secondary market for agricultural real estate loans, rural housing mortgage loans, and certain rural utility loans. Members of the FCA Board are Leland A. Strom, Chairman and CEO; Kenneth A. Spearman; and Jill Long Thompson.
Note: FCA news releases are available on the Web at www.fca.gov.