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Farmer Mac fires president/CEO


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Farmer Mac fires president/CEO

The board of Farmer Mac on Dec. 7 terminated Timothy Buzby as president and CEO, over violations of company policies.

The violations were unrelated to Farmer Mac's financial or business performance, according to a regulatory filing.

Replacing Buzby in an acting capacity is Lowell Junkins. Junkins remains board chairman.

The board will consider both internal and external candidates in its search for Buzby's permanent successor.