Snowden To Join CFC as Senior Vice President

Rhea-AI Summary

The National Rural Utilities Cooperative Finance Corporation (CFC) has appointed Mark Snowden as senior vice president for strategic services. With nearly 25 years of experience in the electric cooperative sector, Snowden aims to enhance CFC's offerings for its utility members. CFC CEO Andrew Don expressed excitement about Snowden's leadership and vision, noting his extensive background in finance and as a trustee for various electric cooperative boards. CFC, a nonprofit with $30 billion in assets, is committed to supporting its members in the evolving utility landscape.

Positive

• Mark Snowden’s extensive experience in the electric cooperative network is expected to enhance CFC’s strategic services.
• Snowden's leadership role will help CFC deliver tailored solutions to meet member needs.
• CFC's strong financial standing with $30 billion in assets supports its member-owners effectively.

Negative

• None.

DULLES, Va., Jan. 18, 2022 (GLOBE NEWSWIRE) -- The National Rural Utilities Cooperative Finance Corporation (CFC) announced today that Mark Snowden will join CFC’s executive team as a senior vice president focusing on strategic services for the electric cooperative network. Snowden currently serves as chief executive officer of Cimarron Electric Cooperative, based in Kingfisher, Oklahoma.

“We are thrilled to have Mark join the CFC team. He brings extensive electric cooperative leadership and energy industry experience and a strong vision for the future,” CFC CEO Andrew Don said.

In his leadership role, Snowden will work to ensure that CFC continues to provide best-in-class products and services to meet the needs of its electric utility members.

“Mark’s experience and knowledge will assure that CFC continues to deliver business tools and solutions that support our members’ success in the evolving utility industry,” Don added. “As the cooperative network prepares for the future, CFC will continue its role as a collaborative partner, contributing to the leadership and vision that empowers electric cooperatives.”

With a background in finance and accounting, Snowden brings nearly 25 years of experience in the electric cooperative network. In addition to his many leadership roles, he currently serves as a trustee for the Oklahoma Association of Electric Cooperatives and an alternate director for the Western Farmers Electric Cooperative Board of Trustees. He graduated from Southwestern Oklahoma State University with a B.S. in finance.

About CFC
Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with $30 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at www.nrucfc.coop.

Contact: 
Brad Captain
Chief Corporate Affairs Officer
publicrelations@nrucfc.coop
800-424-2954

FAQ

Who is the new senior vice president of CFC?

Mark Snowden has been appointed as the new senior vice president for strategic services at CFC.

What is Mark Snowden's experience in the electric cooperative industry?

Mark Snowden brings nearly 25 years of experience in the electric cooperative network, including leadership roles.

What are CFC's primary financial metrics?

CFC operates as a nonprofit finance cooperative with $30 billion in assets.

What is CFC's role in the electric cooperative network?

CFC provides industry expertise, products, and services to support its electric utility members.

How does CFC plan to adapt to the evolving utility industry?

CFC aims to continue delivering best-in-class services and collaborative partnerships to empower electric cooperatives.