Fort Worth-based Ag Resource Management, one of the nation’s top providers of agricultural lending and crop insurance, announced that Rip Mason has been appointed chief executive officer, effective immediately.
Mason is a veteran leader of successful private equity ventures in a variety of industries. He has served on ARM’s board since August 2019 and recently was named vice chairman, a position he will maintain, the company said. Mason is part of the Operating Partner Network for Virgo Investment Group, a private investment firm and 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,” Jesse Watson, Virgo founder and CIO, and chairman of ARM’s board, said in a statement. “Rip’s impressive multifaceted corporate experience is just what’s needed as ARM accelerates its reach to serve more farmers with innovative financial solutions.”
Mason has extensive operational experience and an long track record leading high-growth private equity backed companies, ARM said in a statement. H was CEO and later chairman of LegalShield and, before that, CEO and vice chairman of Jafra Cosmetics.
Mason succeeds John Hoffman, who joined ARM as CEO in January 2020. Hoffman led the company to consistent double-digit growth in loan production and oversaw expansion of the company’s service offerings.
“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 fintech and agtech,” Mason said in a statement. “Stay tuned as we pioneer the future of ag finance.”
Ag Resource Management was founded in 2009 and is a specialty finance company bringing financial solutions and crop insurance to farmers and agribusinesses.
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