Ag Resource Management via PR Newswire
Rip Mason
Ag Resource Management, a leading provider of agricultural lending and crop insurance based in Fort Worth, on Tuesday announced the appointment of Rip Mason as chief executive officer.
The appointment is effective immediately.
Mason, a veteran leader of successful private equity ventures in a variety of industries, has served on ARM's board since August 2019 and was recently named vice chairman, a position he will maintain. 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,” said Jesse Watson, Virgo founder and CIO, and chairman of ARM's board, 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.”
Founded in 2009, Ag Resource Management is a specialty finance company bringing financial solutions and crop insurance to farmers and agribusinesses. ARM serves farmers from its storefronts and employees located across the Midwest, Southern and Western United States.
Mason has deep operational experience and an exceptional track record leading high-growth private equity backed companies, according to the firm. His credentials include roles as CEO and later chairman of LegalShield and, before that, CEO and vice chairman of Jafra Cosmetics.
He earned a law degree from Rutgers University School of Law and earned his undergraduate degree from Middlebury College.
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,” Mason said. “We are expanding our customer base, our offerings and our innovation in both fin tech and ag tech. Stay tuned as we pioneer the future of ag finance.”