Farmland Partners Inc. (NYSE: FPI) announced today the appointment of Susan Landi as the company’s Chief Financial Officer (CFO) and Treasurer. Landi, who has been a senior accounting professional at FPI for over four years, assumed her new role on May 28, 2024. In her new capacity, Landi will be responsible for overseeing the company’s finance, accounting, treasury, and SEC financial reporting functions. She succeeds James Gilligan, who has stepped down as CFO by mutual agreement with the company and will continue as an employee until June 30, 2024, to ensure a smooth transition.
FPI Chief Executive Officer Luca Fabbri expressed confidence in Landi’s ability to continue the positive trajectory set by her predecessor: “Susan is the perfect person to build upon the great work James did during his tenure. Susan knows FPI’s finances and the farmland business well, she has a strong track record of driving positive results, and she’s already proven herself to be an invaluable member of our close-knit team. I’m excited for Susan and look forward to working with her as CFO.”
Fabbri also commended Gilligan for his contributions, stating, “James is a consummate professional who should be proud of the job he’s done leading FPI’s finance department since October 2021. We wish him nothing but success moving forward.”
Fabbri further explained that this staffing change aligns with the company’s ongoing efforts to reduce expenses and enhance shareholder returns.
Prior to joining FPI in 2019, Landi had extensive experience as an accounting and audit professional, having worked at Moss Adams and Hein & Associates. She holds a B.S. in Accounting from Saint Vincent College and an M.B.A. from the University of Colorado, and she is a Certified Public Accountant.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns and/or manages approximately 177,400 acres in 17 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, Oklahoma, South Carolina, and Texas. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company has approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Additional information:
