Newsroom & Financials

CoBank Announces Board Election Results for 2015

Posted 9/23/2014

CoBank, today announced results of shareholder elections for the bank's 2015 Board of Directors.

A total of eight seats for the 2015 board were on the ballot. CoBank’s current governance structure calls for 24 elected directors from six regions and two to five appointed directors. The winning candidates for each open seat are listed in the table below, along with occupation, region, type of seat, residence, and term expiration date.

These winning candidates include agricultural  producers, agribusiness executives and a rural communications executive. The initial term for one seat in  the Mid Plains region will be for less than the standard four years in order to accommodate term staggering requirements related to the bank's 2012 merger with U.S. AgBank.

Region

Type of Seat

Name

Occupation

Residence

Term Expires

South

One Member, One Vote

David L. Reinders

CEO, Ag Producers Co-op

Dumas, TX

2018

Central

One Member, One Vote

Kevin A. Still

President and CEO, Co-Alliance LLP

Danville, IN

2018

Central

One Member, One Vote

James R. Magnuson

General Manager and CEO, Key Cooperative

Sully, IA

2018

Mid Plains

Modified equity

Kenneth W. Shaw

Owner and operator of a cow/calf/yearling stocker operation

Mountainair, NM

2017

Mid Plains

Modified Equity

Milburn (Dan) Childs

Owner and operator of a wheat, pecan and stocker cattle operation

Mannsville, OK

2018

Mid Plains

One Member, One Vote

Clint E. Roush

Owner and operator, Clint Roush Farms, Inc.

Arapaho, OK

2018

Northwest

One Member, One Vote

William A. Squires

CEO, Blackfoot Telephone Cooperative, Inc.

Missoula, MT

2018

West

Modified Equity

Alarik Myrin

Owner and operator, Myrin Ranch, Inc. and its wholly-owned LLCs

Altamont, UT

2018

 

“On behalf of our entire board, I would like to thank all of this year's board candidates for their commitment to CoBank," said Everett Dobrinski, chairman of the board. "CoBank benefits greatly from having a board of directors that not only reflects the bank's national scope and the diverse industries it serves, but also shares CoBank’s passion for serving rural America. Our board and executive management team are committed to maintaining our foundation of strength and stability to serve our customers for the long term.”

The bank uses an independent Nominating Committee to develop a slate of qualified director candidates for each election. No current board member may serve as a member of the Nominating Committee. No member of management sits on the CoBank board.

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