Senior Officers
Senior Officers as of December 31 , 2017 , including business experience during the last five years Name and Position
Business experience and other business affiliations
David D . Janish Business experience : Chief Executive Officer
Chief Executive Officer from August 2013 to present Chief Operations Officer for CoBank ' s Wichita Banking Center from 2012 to July 2013 Other business affiliations : Board member of Agriculture Leaders of Tomorrow Board member of College of Agriculture , Food and Natural Resources Foundation Advisory Committee : FCS Financial Rural Community and Agriculture Foundation
John Bandy Business experience : General Counsel
General Counsel from August 2016 to present
Steve Harrington Business experience :
Principal at Bandy Law Firm from October 2014 to July 2016
Chief Financial Officer and |
Chief Financial Officer from 2001 to present |
Executive Vice President , Finance |
Other business affiliations : |
Jeff Houts Business experience : Executive Vice President , Operations
General Counsel at Cabot Norit Americas , Inc . from September 2008 to September 2014
Advisory Committee : FCS Financial Rural Community and Agriculture Foundation , Treasurer
Executive Vice President , Operations from 2010 to present Other business affiliations : Executive committee member of Missouri Farmers Care Director of Missouri Farm Bureau Foundation for Agriculture Manager of Houts Bayview Farms , LLC
Dennis Hunsberger Business experience : Executive Vice President , Chief Information Officer
Steve Iversen Business experience :
Executive Vice President , Chief Information Officer from March 2016 to present Senior Vice President , AgVantis , Inc . from 2003 to February 2016
Executive Vice President , Risk Management Executive Vice President , Risk Management from 2010 to present
Senior Officer Compensation
Compensation Risk Management : We believe the design and governance of our CEO , senior officer , and highly compensated individuals compensation program is consistent with the highest standards of risk management and provides total compensation that promotes our mission to ensure a safe , sound , and dependable source of credit and related services for agriculture and rural America . Our compensation philosophy aims to provide a competitive total rewards package that will enable us to attract and retain highly qualified officers with the requisite expertise and skills while achieving desired business results aligned with the best interests of our members . The design of our CEO , senior officer , and highly compensated individuals compensation program supports our risk management goals through a set of checks and balances , including ( 1 ) a balanced mix of base and variable pay , ( 2 ) a balanced use of performance measures that are risk-adjusted where appropriate , and ( 3 ) a pay-for-performance process that allocates individual awards based on both results and how those results were achieved .
Elements of Compensation : The CEO , senior officer , and highly compensated individuals are compensated with a mix of base salary and annual incentives as well as retirement plans generally available to all employees . Our Board of Directors determines the appropriate balance of goals in the annual incentive plan while keeping in mind their responsibilities to our members . Base salary and the annual incentive plan are intended to be competitive with annual compensation for comparable positions at peer organizations .
Base Salary : The CEO , senior officer , and highly compensated individuals base salaries reflect the officer ’ s experience and level of responsibility . Base salaries are subject to review and approval by the Governance and Compensation Committee of our Board of Directors and are subject to adjustment based on changes in responsibilities or competitive market conditions .
Annual Incentive Plan : The CEO , senior officer , and highly compensated individuals incentives are paid annually based on performance criteria established by our Board of Directors . The criteria related to the overall association performance include return on assets , loan volume , and credit quality . Additionally , performance criteria related to personal performance include attainment of personal objectives and performance ratings serve as qualifiers to be eligible to participate annually . We calculate the incentives after the end of the plan year ( the plan year is the calendar year ). We pay out the incentives within 90 days of year end .
Retirement Plans : We have various post-employment benefit plans which are generally available to all association employees , including the CEO and senior officers , based on dates of service to the association and are not otherwise differentiated by position , unless specifically stated . Information regarding the post-employment benefit plans is included in Notes 2 and 9 to the accompanying Consolidated Financial Statements .
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