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

On September 15, 2025, CoBank completed its director election process. CoBank’s stockholders elected the following individuals to the CoBank Board of Directors for four-year terms commencing on January 1, 2026:

  • Central Region: Robert N. McLennan
  • East Region: Matthew W. Beaton
  • Northwest Region: Nathan D. Riggers
  • West Region: Jon E. Marthedal

Election of 2026-2027 Nominating Committee

CoBank’s stockholders also elected all 29 candidates presented on the 2026-2027 Nominating Committee slate for a two-year term.

Read the news release announcing the 2025 CoBank director election results and the election of the 2026-2027 Nominating Committee.

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