"With the addition of Peter as acting CEO and John Roscoe and Brandon Hamara as co-presidents, we now have a deep bench of three experienced leaders at the very top of Fannie Mae, Bill Pulte, the director of the Federal Housing Finance Agency, said in a statement. This means a safer, sounder Fannie Mae, all while growing our great Fortune 25 company."
"Serving as President and CEO of Fannie Mae has been the privilege of a lifetime, Almodovar said. Together, we have made Fannie Mae stronger than ever. I will be eternally grateful to the entire Fannie Mae family, our many partners, and Director Pulte for the opportunity to lead this incredible organization that helps millions of American homeowners and renters access their American Dream."
Peter will serve as acting CEO while Akwaboah continues to oversee Fannie Mae's COO division and will partner with co-presidents Brandon Hamara and John Roscoe. The leadership team now comprises three experienced leaders at the company's top, described as creating a safer, sounder Fannie Mae while allowing growth as a Fortune 25 company. The new structure emphasizes operational strength and long-term profitability. Priscilla Almodovar, who served as president and CEO since 2022, departed after calling the role a privilege of a lifetime and expressing eternal gratitude to colleagues, partners, and Director Pulte. The company did not clarify whether her exit was retirement, resignation, or removal.
Read at www.housingwire.com
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