Overview
- Fannie Mae said the changes take effect immediately as the board launches a search for a permanent CEO.
- Peter Akwaboah will continue overseeing operations as COO and brings more than 30 years of financial services experience, including senior roles at Morgan Stanley.
- John Roscoe and Brandon Hamara moved into newly created co-president roles, with Roscoe previously serving as FHFA chief of staff and Hamara recently detailed in SEC filings for an operations leadership post.
- FHFA Director and Fannie Mae board chair Bill Pulte publicly endorsed the interim leadership, calling it a deep bench at the top of the company.
- The company confirmed Priscilla Almodovar’s departure but did not say whether she resigned, retired or was removed.