NRUC CEO J. Andrew Don's employment extended to May 2027; base salary set at ≥$1.161M

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

Board approved extension of CEO term from May 31, 2024 to May 31, 2027.
Base salary of at least $1,161,000 per year effective June 1, 2024.
Term may auto-extend annually after May 2027 unless either party gives six months' notice.
CEO remains eligible for Short-Term and Long-Term Incentive plans under CFC's existing programs.

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