National Rural Utilities Cooperative Finance Corporation (CFC), a finance institution catering to the rural utilities sector, has announced the appointment of a new president. On Monday, the board of directors elected G. Anthony Norton to the position, effective immediately.
Norton, 72, brings to the role his extensive experience in the utilities sector, having been a director at Snapping Shoals Electric Membership Corporation since 1993. He has also served as a director at Georgia System Operations Corporation since 2012. His leadership is expected to guide CFC as it continues to provide critical financial services to its members.
This significant appointment comes during a period of strategic transitions within the company. The decision was formalized on June 17, 2024, as disclosed in a recent 8-K filing with the Securities and Exchange Commission.
CFC is known for its role in financing and investment services for rural electric cooperatives. The corporation is incorporated in the District of Columbia and operates out of Dulles, Virginia. It is registered with the New York Stock Exchange under the trading symbols NRUC 26 for its 7.35% Collateral Trust Bonds due 2026 and NRUC for its 5.50% Subordinated Notes due 2064.
The announcement ensures continuity in leadership for the organization, which is crucial for maintaining the confidence of investors and stakeholders in the cooperative's financial operations. The appointment is part of the organization's broader governance and management structure, which is pivotal to its operations and strategic direction.
The information disclosed in this article is based on a press release statement from the SEC filing by National Rural Utilities Cooperative Finance Corporation.
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