Federal Agriculture Minister Gerry Ritz today announced the appointment of John Klippenstein to the Board of Directors of Farm Credit Canada (FCC) and the reappointment of John Core as Chief Executive Officer of the Canadian Dairy Commission (CDC).
Klippenstein brings a farming background and over 36 years of experience providing accounting and financial management services to farm clients.
“His farming and financial expertise will be a significant benefit to the [FCC] Board,” Ritz said.
FCC is Canada’s largest provider of business and financial services to farms and agri-business, with 100 offices throughout mostly rural Canada.
In 2007-2008, FCC’s loan portfolio reached nearly $15 billion, up from $13.6 billion in 2006-2007. As of December 31, 2007, FCC held the single largest market share of the agricultural lending industry at 24.4 per cent.
Klippenstein’s appointment is for a three-year term and is effective immediately.
John Core owned and operated a dairy and cash crop farm with his brothers in Lambton County, Ontario. Mr. Core began his career with the Dairy Farmers of Ontario as a Board Member in 1981, serving as Chair from 1990 to 2001.
From 1986 to 2001, Mr. Core also was board member and president (1999-2001) of the Dairy Farmers of Canada the national lobby and promotional organization for dairy farmers across Canada.
Core’s tenure with the Canadian Dairy Commission began in 2002, when he was appointed chair and CEO of the organization. He continued in this dual role until April 2007, when the two positions were split. Following the split, Mr. Core carried on as the Commission’s CEO and was reappointed to this position in October 2007.
“I am pleased to announce the reappointment of Mr. Core” said Minister Ritz. “His strong leadership skills and detailed knowledge of the industry are serving the organization and the sector very well. I am pleased Mr. Core has agreed to continue with the CDC.”
The CDC is a Crown corporation established in 1966 to coordinate federal and provincial dairy policies and create a control mechanism for milk production which would help stabilize revenues and avoid costly surpluses.
Mr. Core’s reappointment, which is for a three-year term, becomes effective October 7, 2008.