Ottawa, Ontario, October 10, 2012 - Agriculture Minister Gerry Ritz announced today the re-appointment of Greg Stewart as President of Farm Credit Canada (FCC).
"I'm very pleased to announce the re-appointment of Greg Stewart as FCC's President," said Minister Ritz. "Mr Stewart has proven himself as a forward-thinking leader with a strong dedication to Canadian agriculture. Under his leadership, FCC has consistently been a top provider of agriculture financing in Canada, with a clientele of over 100,000 strong."
Since 2007, Mr. Stewart has led FCC to record net income levels each year and has grown its loan portfolio by $10 billion. During this time, he has also displayed a strong commitment to corporate and social responsibility. Under Mr. Stewart's leadership, FCC has consistently ranked in the top 10 of Canada's Best 50 Employers and regularly gives back to the community - including collecting over 6.5 million pounds of food to local food banks since 2007, as part of FCC's Drive Away Hunger campaign.
As Canada's leading agricultural lender, FCC is advancing the business of agriculture. With a healthy portfolio of more than $24 billion and 19 consecutive years of portfolio growth, FCC is strong and stable - committed to serving the industry through all business cycles. FCC provides financing, insurance, software, learning programs and other business services to producers, agribusinesses and agri-food operations.
Headquartered in Regina, FCC is a Crown corporation that reports to Parliament through the Minister of Agriculture and Agri-Food.
Mr. Stewart's re-appointment is for a term of eighteen months and is effective January 1, 2013. A biographical note for Mr. Stewart is attached.
To learn more about FCC, please visit www.fcc.ca.
Greg Stewart has served as President and CEO of FCC since November 2007. He joined FCC in 1987 and worked in a number of progressively responsible positions, gaining extensive experience in operations and risk management. In 2002, Mr. Stewart assumed the role of Senior Vice-President, National Lending Operations, where he helped double the corporation's portfolio. In 2005, he was appointed to the position of Executive Vice-President and in 2006, he was also named Chief Operating Officer.
Mr. Stewart earned a Bachelor of Science in Agriculture from the University of Manitoba. He is also a professional agrologist, a graduate of the Chicago Booth School of Business Executive Institute and holds a Chartered Director designation from McMaster University. Mr. Stewart volunteers his time as a board member for Habitat for Humanity, the Ignite Adult Learning Corporation and Food Banks Canada.
For more information, media may contact:
Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
613-773-7972
1-866-345-7972
Jeff English
Press Secretary
The Office of the Honourable Gerry Ritz
613-773-1059
