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Article: Engel to succeed Sims as CoBank CEO.(NEWSLINE)
- Article from:
- Rural Cooperatives
- Article date:
- January 1, 2006
CopyrightCOPYRIGHT 2006 U.S. Department of Agriculture, Rural Business - Cooperative Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CoBank CEO Doug Sims--under whose leadership the bank nearly tripled its assets, from $12 billion to $31 billion--will retire June 30. Sims has been the bank's CEO since 1994 and has 37 years of service with the Farm Credit System, of which CoBank is a part. He will be succeeded by Robert B. Engel, who joined the bank in 2000 as president and chief operating officer.
"We're fortunate to have had two such exceptional individuals on the bank's management team for the past 5 years," said O J. Roy Orton, board chairman of Denver-based CoBank, who predicted a smooth transition. "Under Mr. Sims' leadership, the bank has maintained consistently strong financial ...