CFO Darryl Kay Picked as New CEO for AFSC

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Agriculture Financial Services Corporation (AFSC) has picked their current Chief Financial and Innovation Officer Darry Kay as their new Chief Executive Officer, AFSC says in a news release on Oct. 1.

“With my internal knowledge of AFSC, I will bring much needed stability to the Corporation. I’ll be able to hit the ground running and continue to focus on items that are most important to producers,” Kay says in the release.

Kay has been with AFSC for close to 10 years and brings over 20 years of senior leadership experience with him to the role, the release says. He has served in a number of different capacities at AFSC, including interim CEO in 2017. During that time he was instrumental in supporting the new online client platform, AFSC Connect, developing a renewed lending mandate, and approving exciting new lending products which are relevant to today’s producer.

Kay replaces Board Member and Interim CEO Jerry Bouma in the role. Bouma has been acting as Interim CEO since former CEO Steve Blakely’s retirement in April 2020, the release notes.