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Novosad Announces Retirement after 45 Years of Service

BRYAN, Texas – Capital Farm Credit recently announced that Ben R. Novosad informed the Board of Directors of his plan to retire next year as Chief Executive Officer.  Capital Farm Credit’s Board formed a search committee and has contracted with FCC Services to help identify a new CEO.

Official listing for the position is now open on Capital Farm Credit's website. Please contact Jay Lux at jay.lux@fccservices.com with any questions.

Novosad has served as CEO at Capital Farm Credit since 1986.  Under his leadership, the financial cooperative’s assets have grown from $825 million to $8.38 billion as of June 30, 2020.  Novosad led the association through three mergers and helped grow the organization to become the 8th largest Farm Credit association in the country and the largest in the state of Texas.

“As I look at where we’ve been and where we’re going as an organization, as well as the leadership team and staff we have in place, I’ve never been more confident in the future of Capital Farm Credit,” said Novosad. “It has been my honor and privilege to serve this great company and the Farm Credit System. I look forward to continuing to work closely with the board, the executive management team and our dedicated employees over the next 13 months to ensure a seamless transition for my successor.”

John Malazzo, Chairman of the Capital Farm Credit Board, said, “Under Ben’s leadership, Capital Farm Credit has grown to become the leader in agricultural lending in Texas. He has guided the organization for more than 34 years and will leave behind a strong organization and even stronger legacy. I’m grateful to Ben for his leadership of this organization, and more importantly his friendship to me for many years.”

Novosad joined Federal Land Bank Association (FLBA) of Bryan in 1976 as a Loan Officer Trainee.  Prior to being named CEO, he served for 11 years in a variety positions within the association.

He is a graduate of Texas A&M University with a Bachelor of Science in Agricultural Economics and is recognized for distinguished achievements in agriculture as a member in the Tyrus R. Timm Honor Registry at the Texas A&M Department of Agricultural Economics. Novosad currently serves on the board of the Community Foundation of the Brazos Valley, and as an executive committee member of the Texas Agricultural Lifetime Leadership (TALL) Program. He also served in various Farm Credit System leadership positions at the state and national level.