Virxhini Gjonzeneli was named President of Federal Home Loan Bank of Chicago, effective January 1, 2027. As of November 6, 2026, Federal Home Loan Bank of Chicago has reported 5 leadership change filings to the SEC under Item 5.02 of Form 8-K, from June 26, 2026 to November 2, 2026, naming 1 appointment (Form 8-K, November 2, 2026).
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Key facts
- · In / out: In · Person: Virxhini Gjonzeneli · Role: President · Effective: 2027-01-01 · 8-K, 2026-11-02
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-10-26
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-09-15
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-07-24
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-06-26
Federal Home Loan Bank of Chicago reported changes in 5 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-06-26 to 2026-11-02. They name 1 person. Every row below is cited to the filing it comes from, and this page adds each new change as Federal Home Loan Bank of Chicago files it.
Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-11-02 | In | President | 2027-01-01 | 8-K, 2026-11-02 | |
| 2026-10-26 | Reported | not named in the filing | 8-K, 2026-10-26 | ||
| 2026-09-15 | Reported | not named in the filing | 8-K, 2026-09-15 | ||
| 2026-07-24 | Reported | not named in the filing | 8-K, 2026-07-24 | ||
| 2026-06-26 | Reported | not named in the filing | 8-K, 2026-06-26 |
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Who leads Federal Home Loan Bank of Chicago, as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- President: Virxhini Gjonzeneli, appointed, effective 2027-01-01 (filed 2026-11-02).
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Appointed: Virxhini Gjonzeneli, President, effective 2027-01-01
To ensure continuity during this process, the Board has named Virxhini Gjonzeneli as Interim President and CEO, effective January 1, 2027.
- On November 2, 2026, the Federal Home Loan Bank of Chicago (the "Bank") announced that its Board of Directors and Michael A. Ericson, the Bank's President and Chief Executive Officer ("CEO"), agreed that Mr. Ericson will conclude his tenure with the Bank, effective December 31, 2026.
- The Bank's Board of Directors is initiating a process to identify a permanent successor for Mr. Ericson.
- Ms. Gjonzeneli, age 45, has been an Executive Vice President of the Bank since January 2021 and has served as the Bank's Chief Financial Officer and Group Head, Financial Accounting and Markets since January 2023.
- Prior to that, Ms. Gjonzeneli was Group Head of Member Support and Strategy from 2017 to 2022 and Senior Vice President, Director of Enterprise Risk Management starting in 2015.
- Ms. Gjonzeneli joined the Bank in 2003, and from 2007 to 2015 held positions of increasing levels of responsibility within the Bank's Credit group.
- Compensation relating to Mr. Ericson's departure and Ms. Gjonzeneli's service as future Interim President and CEO is being finalized and will be subject to review and non-objection by the Federal Housing Finance Agency.
Reported
The Board of Directors ("Board") of the Federal Home Loan Bank of Chicago (the "Bank") is comprised of member directors and independent directors who are elected by the Bank's members in accordance with the rules governing the election of Federal Home Loan Bank directors specified in the Federal Home Loan Bank Act ("Bank Act") and the related regulations of the Federal Housing Finance Agency ("FHFA"), as discussed under Item 10 - Directors, Executive Officers, and Corporate Governance on page 77 of the Bank's 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission on
- On October 26, 2026, the Bank announced that the following directors have been elected to its Board as member directors:\ 1.
- Betsy A. Johnson, Chairman and Chief Executive Officer of Solutions Bank, Forreston, Illinois was re-elected to serve a four-year term on the Board beginning January 1, 2027 and ending December 31, 2030; and 2.
- James H. Hegenbarth, President and Director of Bank CMG, Madison, Wisconsin was elected to serve a four-year term on the Board beginning January 1, 2027 and ending December 31, 2030.
- In addition, on October 26, 2026, the Bank announced that the following director has been elected to its Board as a public interest independent director: 1.
- Kevin L. Newell, Founder and CEO of Royal Capital Group, Milwaukee, Wisconsin was re-elected to serve a four-year term on the Board as a public interest independent director beginning January 1, 2027 and ending December 31, 2030.
- The Board has not yet determined on which committees each of the directors elected will serve beginning in 2027.
- All directors serving on the Bank's Board for 2027 are expected to receive compensation under the Bank's 2027 Board of Directors Compensation Policy, which has not yet been approved by the Board.
Reported
On September 15, 2026, James H. Hegenbarth was declared director-elect to serve as a member director of the Board of Directors (the "Board") of the Federal Home Loan Bank of Chicago (the "Bank").
- Mr. Hegenbarth is the President and a Director of Bank CMG in Madison, Wisconsin and was declared elected to serve a four-year term beginning January 1, 2027 and ending December 31, 2030.
- This directorship is being filled without an election because the number of nominees for member director for the state of Wisconsin is equal to the number of open directorships, which is one.
- Mr. Hegenbarth was declared director-elect to the Board in accordance with the rules governing the election of Federal Home Loan Bank member directors specified in the Federal Home Loan Bank Act ("Bank Act") and the related regulations of the Federal Housing Finance Agency ("FHFA").
- For more information on these rules, see "Item 10.
- Directors, Executive Officers and Corporate Governance" starting on page 77 in the Bank's 2025 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 10, 2026 (the "2025 Form 10-K").
- The Board has not yet determined on which committees Mr. Hegenbarth will serve beginning in 2027.
- All directors serving on the Bank's Board for 2027 are expected to receive compensation under the Bank's 2027 Board of Directors Compensation Policy, which has not yet been approved by the Board.
Reported
Mr. Taylor has indicated to the Bank that his decision not to stand for re-election is not because of any disagreement with the Bank.
- (b) On July 20, 2026, the Federal Home Loan Bank of Chicago (the Bank) received notification from Ty R. Taylor that he is declining to stand for re-election to the Board of Directors in the Bank's 2026 election of directors.
- Mr. Taylor will continue to serve the remainder of his current term, which is scheduled to expire on December 31, 2026.
- Directors, Executive Officers, and Corporate Governance in the Bank's 2025 Annual Report on Form 10-K for more information on the rules governing the election of the Bank's directors.
Reported
(b) On June 25, 2026, the Federal Home Loan Bank of Chicago (the "Bank") received notification from Dean A. Ahlers that he is resigning from the Bank's Board of Directors (the "Board"), effective immediately.
- Mr. Ahlers has informed the Bank that he is resigning for personal reasons and not due to any disagreement with the Bank.
- Mr. Ahlers has served on the Board as a member director since 2025, and the term to which he was most recently elected to serve is scheduled to expire on December 31, 2028.
- The Board will appoint another member director to fill Mr. Ahlers' unexpired term in accordance with the rules governing the election of Bank directors.
- For more information on the required qualifications for member directors, see "Nomination of Member Directors" starting on page 77 of the Bank's 2025 Annual Report on Form 10-K.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.