New CEO To Lead Ag Resource Management
Founded 13 years ago, Ag Resource Management (ARM) serves farmers as a specialty finance company providing operating lines, crop insurance, real estate financing, and equipment leasing services.
Today, the company has announced a new CEO as Rip Mason takes on the role. Mason has served on the ARM board since August 2019, and he’s part of the Operating Partner Network for Virgo Investment Group, the private investment firm that is a majority owner of ARM.
“I’ve worked with Rip for over two decades and seen firsthand how he can optimize companies to reach their potential,” said Jesse Watson, Virgo founder and CIO, and chairman of ARM’s board. “Rip’s impressive multifaceted corporate experience is just what’s needed as ARM accelerates its reach to serve more farmers with innovative financial solutions.”
As new CEO of ARM, Mason succeeds John Hoffman, who had joined ARM as CEO in January of 2020. The company says in the past two years it’s expanded service offerings and experienced double-digit growth in its loan production.
“ARM is positioned for incredible success, and I am thrilled to lead the company through this next exciting chapter. We are expanding our customer base, our offerings and our innovation in both fin tech and ag tech,” Mason said. “Stay tuned as we pioneer the future of ag finance.”
In the company’s announcement, Mason’s background was highlighted with his deep operational experience and track record leading high-growth private equity backed companies. Examples include roles as CEO and later chairman of LegalShield and CEO and vice chairman of Jafra Cosmetics. Mason has a J.D. from Rutgers University School of Law and earned his undergraduate degree from Middlebury College.
ARM is headquartered in Fort Worth, Texas with an additional footprint in the Midwest, Southern and Western U.S.
