President/ CEO Joins Farmer Mac Board

The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, has added Todd Ware, President & CEO of Licking Rural Electrification, Inc., dba The Energy Cooperative to its board of directors.

Mr. Ware has been a member of the National Rural Utilities Cooperative Finance Corporation (CFC) Board of Directors since 2015.

Mr. Ware graduated from The Ohio State University in 1987 with a Bachelor’s Degree in Business Administration. In 1993, he began his career with NGO Development, a subsidiary of National Gas & Oil. In 1998, Licking Rural Electric acquired National Gas & Oil and its subsidiaries and began doing business as The Energy Cooperative. In January of 2012, Mr. Ware was appointed the President & CEO of The Energy Cooperative. The Energy Cooperative is a 64,000 member cooperative providing electric, natural gas and propane in east central Ohio.

Additionally, Mr. Ware serves as a board member for Buckeye Power and The Ohio State University-Newark.

Commenting on the appointment, Farmer Mac's chairman Lowell Junkins said, “On behalf of Farmer Mac, I would like to extend a warm welcome to Todd Ware, the newest member of the Board of Directors. Mr. Ware will bring valuable skills that will enhance the expertise of Farmer Mac's Board as we strive to fulfill our Congressional mission.”

Mr. Ware was elected to Farmer Mac’s board by the holders of Class A Voting Common Stock. He officially joined the board of directors May ninth at the Farmer Mac Annual Meeting in Washington D.C.