CFC’s senior leadership team and key staff have extensive experience in rural utility finance, operations and management. The chief executive officer and senior leadership team manage CFC's operations and carry out the board's directives.
Andrew Don is the chief executive officer of the National Rural Utilities Cooperative Finance Corporation (CFC), a position he assumed in 2021. Prior to that, as CFC senior vice president and chief financial officer since 2013, Don had oversight of the company’s treasury and finance group and the generation and transmission portfolio management function. Under his tenure as finance chief, CFC was the leading private market provider of credit and liquidity to the electric cooperative network. Before assuming the CFO post, Don served CFC as treasurer, vice president of capital market relations and director of loan syndications. His supervision included all funding operations for CFC, investor relations, banking relations, rating agency liaison and syndications on behalf of CFC members. Prior to joining CFC in 1999, Don held the position of vice president and manager of the Washington, D.C., Loan Production Office for The Bank of Tokyo–Mitsubishi (now Mitsubishi United Financial Group). He started his banking career with the Bank of Montreal in New York in 1984 and subsequently was a vice president of corporate banking for The Bank of New York from 1987 to 1990. Don serves on the board of directors for ThanksUSA, a charitable organization dedicated to providing scholarships and pathways to employment for the spouses and children of America’s men and women in uniform. He received a bachelor’s degree from Dickinson College in Pennsylvania and an M.B.A. from Fordham University.
Senior Vice President and Chief Administrative Officer
Senior Vice President and Chief Administrative Officer
Graceann Clendenen, CFC’s senior vice president and chief administrative officer, is responsible for day-to-day operations management, internal audit, human resources, employee development, facility management, procurement, space planning and the business center. Clendenen also oversees CFC’s strategic planning and management of the organization’s business plan.
Clendenen joined CFC in 1982 and was vice president of human resources and corporate services before being promoted to senior vice president, corporate services in 2014. She was named CFC's senior vice president and chief administrative officer in 2018. In her more than 35 years at CFC, she has served in a variety of other roles including vice president of human resources, director of human resources and corporate services manager.
Born and raised in New York state, Clendenen received a degree in business administration and an M.B.A. degree in human resource management from the University of Phoenix.
Joel Allen became CFC’s senior vice president of member services in 2014. He manages member services and loan underwriting for electric distribution systems throughout the country. In his 25 years at CFC, Allen has held various roles including underwriting loans, analyzing capital markets funding sources, managing a collection of diversified consumer financing products and managing a credit delivery group. Allen previously served as vice president of portfolio management from 2010 to 2014.
Allen earned a degree in finance from Old Dominion University and an M.B.A. degree with a concentration in finance from George Washington University.
Roberta Aronson is CFC’s senior vice president and general counsel. Aronson is responsible for providing and coordinating all legal services for CFC, including governance and corporate matters, lending and capital markets transactions, and litigation.
Prior to joining CFC in July 1995, Aronson was a partner in the Washington, D.C., office of the law firm of Thompson, Hine and Flory. She earned her B.A. degree (with high distinction) from The Pennsylvania State University and received her J.D. degree from The George Washington University School of Law. Aronson is a member of the District of Columbia and Maryland bars, and is a corporate counsel in the Commonwealth of Virginia. She is a member of the Non-Profit Forum for the Washington Metropolitan Corporate Counsel Association.
John Borak joined CFC in June 2002 as senior vice president, credit risk management, and is accountable for credit risk management and analysis, credit standards and policy.
He began his career in banking with Chemical Bank, now J.P. Morgan Chase, where he was an account manager in the Corporate Banking Group and later became deputy senior credit officer for Global Corporate Banking. He has real estate asset management and credit recovery experience with Mellon Bank where he was also deputy senior credit officer for the New York, Philadelphia and specialized industries corporate banking portfolios.
A native of New Jersey, Borak received a B.A. degree in economics and an M.B.A. degree from Rutgers University. Borak completed the graduate program in administration and management at Harvard University.
Gary Bradbury was named senior vice president of corporate services in 2021, assuming responsibility for internal audit, human resources, employee development, facilities, physical security, corporate insurance and the business center. Bradbury previously served as CFC’s vice president of internal audit and enterprise risk management (ERM) for 20 years. He led the internal audit function and conducted reporting to the CFC Board of Directors and the boards of two affiliate organizations. He also created the ERM program and facilitated ongoing activities under the direction of executive management and the CFC board.
Bradbury holds a B.S. in accounting from the Pennsylvania State University at University Park and is a licensed Certified Public Accountant in Virginia. During his 28-year auditing career, he obtained the following certifications from the Institute of Internal Auditors: Certified Internal Auditor; Controls Self-Assessments; Risk Management Assurance; and Financial Services Auditor.
As senior vice president for corporate relations, Brad Captain has responsibility for corporate communications, meetings and conferences, financial training and federal relations.
Prior to joining CFC in 1999, Captain served as a special assistant to the undersecretary of rural development at USDA. His responsibilities at USDA included rural utilities and economic development issues. Captain also worked for NRECA as a government relations and communications consultant. Captain began his career as policy director for a member of the U.S. House of Representatives from Indiana. He graduated from the Indiana University Kelley School of Business with a degree in economics and public policy.
Mo Saleh was appointed CFC’s senior vice president and chief risk officer in 2021. Saleh has oversight of CFC’s Risk Management Group, which includes credit risk management, credit standards and policy, counterparty credit risk, special situation management, asset-liability management oversight, macroeconomic and financial market research, and pricing of CFC’s loan products. He is also responsible for cybersecurity, enterprise risk management and information technology.
Saleh rejoined CFC in 2016 after leaving the company in 2005 to pursue a career in commercial banking and international financial regulation. During his tenure at CFC, Saleh has held various positions across the Treasury and Finance Group including vice president of financial risk management. Previous roles included responsibility for CFC’s short-term funding and treasury operations, overseeing CFC’s investment portfolio and hedging interest rate risk.
Saleh holds a B.S. in corporate finance from the University of Maryland, College Park (magna cum laude) and an M.B.A. from The George Washington University, Washington, D.C.
Ling Wang was named CFC’s senior vice president and chief financial officer in 2021, assuming oversight of CFC’s Treasury and Finance Group.
Wang joined the company in 1999. During her tenure at CFC she has held various positions within CFC’s finance department, including vice president of Capital Markets and vice president of Capital Markets Relations. Her previous roles included responsibility for CFC’s long-term funding and treasury operations, investor and banking relations, rating agency engagements, loan syndication and loan sale functions.
Wang holds a B.S. in finance from George Mason University and an M.B.A. and M.S. from the University of Maryland College Park, is a Certified Public Accountant and is a Chartered Financial Analyst.