Starting on May 3, J. Andrew Don, the current senior VP and chief financial officer of the National Rural Utilities Cooperative Finance Corporation (CFC), takes over as CEO. He succeeds Sheldon Petersen, who is retiring after serving as CEO since 1995.
As one of NRTC’s founding organizations, CFC holds a permanent seat on the NRTC board of directors. Don will fill Petersen’s seat on the board beginning next week. NRTC CEO Tim Bryan paid tribute to Petersen and his years on the board during the NRTC Annual meeting in February. “If there was a Mount Rushmore for rural cooperative leaders, I think Sheldon would be part of it,” Bryan said. “Sheldon, you're the gold standard. We're all better because of our association with you.”
Don joined CFC in 1999. Prior to becoming CFO in 2013, he had titles including treasurer, VP of capital market relations and director of loan syndications. Earlier, he held financing positions for the Bank of Tokyo–Mitsubishi (now Mitsubishi United Financial Group), The Bank of New York and the Bank of Montreal.
“Based on his long-tenured experience, understanding of our member-owners and expertise in the capital markets, Andrew is clearly the correct choice to lead CFC into the future,” Petersen said. “Under his tenure as finance chief, CFC has been the leading private market provider of credit and liquidity to the electric cooperative network.”
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