Recent SEC filings indicate significant board changes at Freddie Mac and Fannie Mae. Freddie Mac's board chair Lance Drummond and six other members were removed, while Pulte has taken over as chair. Fannie Mae follows suit with the removal of eight members, yet CEO Priscilla Almodovar and some existing directors remain. Key new appointments include Clinton Jones and Christopher Stanley from SpaceX. These changes reflect a strategic overhaul at the boards, with Freddie Mac promising updates on related party transactions and committee assignments as they emerge.
The ongoing changes at Freddie Mac and Fannie Mae boards have introduced new chairs and members, replacing a significant portion of their executives amid strategic restructuring.
Freddie Mac's board chair Lance Drummond and six others have been removed, while Pulte steps in as new chair, indicating a major leadership shift.
Eight members were removed from Fannie Mae's board, while CEO Priscilla Almodovar remains, showing a mix of continuity and change in the organization's leadership.
New appointees to Fannie Mae include Clinton Jones and Christopher Stanley from SpaceX, as the board moves towards fresh leadership dynamics.
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