Governance

As a customer-owned financial cooperative, CoBank is governed by a board of directors drawn from the rural industries we serve. Our board consists of 14 elected directors from six voting regions around the country as well as two appointed directors and two outside, independent directors with no customer or Farm Credit affiliations.

Board of Directors

Kevin A. Still

Chair

Central Region

Carmel, Indiana

Edgar A. Terry

First Vice Chair

West Region

Ventura, California

Brandon J. Wittman

Second Vice Chair

Northwest Region

Billings, Montana

Duane R. Anderson

Director

Mid-Plains Region

Seneca, Kansas

Matthew W. Beaton

Director

East Region

East Sandwich, Massachusetts

Michael S. Brown

Director

Outside Director

San Diego, California

Russell G. Brown

Director

East Region

Warsaw, Virginia

Susan K. Doverspike

Director

Northwest Region

Burns, Oregon

William M. Farrow, III

Director

Outside Director

Evanston, Illinois

Scott R. Hendrix

Director

South Region

Tupelo, Mississippi

Jason T. Lay

Director

Central Region

Bloomington, Illinois

Michael W. Marley

Director

Mid-Plains Region

Roswell, New Mexico

Jon E. Marthedal

Director

West Region

Fresno, California

Robert (Mac) N. McLennan

Director

Central Region

Grand Forks, North Dakota

Gary A. Miller

Director

South Region

Douglasville, Georgia

Catherine Moyer

Director

Appointed Director

Ulysses, Kansas

Sureena S. Bains Thiara

Director

West Region

Yuba City, California

Board Structure

CoBank’s board uses a committee system to assist in fulfilling its oversight responsibilities. The board has established five standing committees: Executive, Compensation and Human Resources, Audit, Risk and Governance. The board reviews each committee charter annually.

To help ensure that the bank continues to attract a highly qualified and diverse board, CoBank’s board also has independent nominating committee charged with identifying qualified candidates for board membership and reviewing director nominations. No current board member may serve as a member on the nominating committee.

2025 Board Elections

Ballots and the 2025 CoBank Board Election Information brochure were mailed to all voting stockholders on July 15. The ballot for voting stockholders in the Central, East, Northwest and West Regions is for both the director elections and the 2026-2027 Nominating Committee election. For voting stockholders in the Mid Plains and South Regions, the ballot contains only the candidate slate for the 2026-2027 Nominating Committee because there are no director elections in these regions in 2025.

Ballots are due by September 15, 2025.

The 2025 CoBank Board Election Information – Non-Voting Stockholders brochure was also mailed to all non-voting stockholders of the bank for informational purposes only.

2025 CoBank Board Election Information brochure

The 2025 CoBank Board Election Information brochure also includes the annual meeting information statement (AMIS).

Director Election Calendar and Independent Teller

Summary of the Election Process

Board Contacts

M. Mashenka Lundberg
Election Officer
303-793-2228
mlundberg@cobank.com

Bradley J. Maddock
Corporate Secretary
303-793-2241
bmaddock@cobank.com