Farmland Partners Inc. (FPI) recently named Luca Fabbri as its new president and CEO. Fabbri succeeds Paul Pittman, who will remain with the company as executive chairman of the board. Fabbri cofounded FPI as a public company with Pittman in 2014. He has served as the company’s chief financial officer and treasurer from its inception, before assuming the position of president in October 2021.

“This appointment is a natural progression in a process started with Luca’s appointment as president in 2021,” Pittman said when the succession plan was announced. “There is no one I trust more than Luca to help chart a course for FPI’s future, and I look forward to continuing our close collaboration for years to come.”

Prior to cofounding FPI, Fabbri was an executive in finance, technology, and agriculture. He has a bachelor’s degree in economics from the University of Naples and an MBA in finance from the Massachusetts Institute of Technology.

“At the heart of FPI is an entrepreneurial spirit and a talented team that’s passionate about agriculture and farmland,” Fabbri said. “I’m proud to lead this tight-knit group as we continue to deliver for shareholders. And I will always be grateful to Paul and the board for the trust they’ve placed in me.”

About Farmland Partners Inc.

FPI is a publicly traded, internally managed real estate investment trust that purchases, leases, and manages high-quality farmland throughout North America. As of December 31, 2022, FPI owned or managed approximately 196,100 acres in 19 states. Its portfolio includes 26 crop types and more than 100 tenants.