Fannie Mae
Who Runs Fannie Mae?
Access to Fannie Mae: The Execs / The Board
Fannie Mae's New CEO
President and Chief Executive Officer
of Fannie Mae
Michael J. Williams is Fannie Mae's President and Chief Executive Officer. He is also a member of the company's Board of Directors.
Prior to his appointment as CEO, Mr. Williams was Fannie Mae's Executive Vice President and Chief Operating Officer responsible for the functions of Technology, Enterprise Operations, Human Resources, Community and Charitable Giving, Compliance and Ethics, Corporate Facilities and Security, and Corporate Procurement. During this time, Mr. Williams also oversaw the bolstering and restructuring of the company's foreclosure prevention and loss mitigation operations. He also led the company's efforts to carry out the Obama Administration's Making Home Affordable loan refinance and modification initiatives. In addition, Mr. Williams executed the company's transition to conservatorship in September, 2008.
Previously, Mr. Williams served as Executive Vice President - Regulatory Agreements and Restatement, where he was responsible for fulfilling all Fannie Mae obligations under the company's agreements with its former regulator -- the Office of Federal Housing Enterprise Oversight -- and for managing the overall effort to restate its financial statements.
Before that, Mr. Williams was president of Fannie Mae eBusiness, responsible for developing and implementing e-commerce strategy while delivering a broad set of new solutions for customers. Previously, he served in several areas in the company, where he focused on the development of technology tools including Desktop Originator®, Desktop Underwriter®, fanniemae.com, eFannieMae.com, MORNET®, and MORNETPlus®.
Prior to joining Fannie Mae in 1991, Mr. Williams was Senior Manager, Strategic Systems Practice for KPMG Peat Marwick's information technology consulting group, where he was responsible for the definition, design, and development of executive information and decision support systems. Prior to that, he was with the DuPont Company.
Mr. Williams has a master of business administration in finance and a bachelor of science from Drexel University.
Fannie Mae's senior executives as of 7/9/09
Fannie Mae's Board of Directors as of 7/9/09
President and
Chief Executive Officer
Fannie Mae
Potomac, MD
Board member since 2009
Dennis R. Beresford
Ernst & Young Executive Professor
of Accounting,
The J.M. Tull School of Accounting
University of Georgia
An educational institution
Athens, GA
Mr. Beresford initially became a director in May 2006, before we were put into conservatorship, and FHFA appointed him to Fannie Mae's Board in December 2008
William Thomas Forrester
Former Chief Financial Officer,
The Progressive Corporation
An auto and property-casualty insurance company
Sarasota, FL
Board member since 2008
Brenda J. Gaines
Former President and
Chief Executive Officer,
Diners Club North America
A subsidiary of Citigroup
Chicago, IL
Ms. Gaines initially became a director in September 2006, before we were put into conservatorship, and FHFA appointed her to Fannie Mae's Board in December 2008
Charlynn Goins
Former Chairman of the Board of Directors,
New York City Health and Hospitals Corporation
A municipal hospital and health care system
New York, NY
Board member since 2008
Philip A. Laskawy, Chair
Non-Executive Chairman of the Board, Fannie Mae
Former Chairman and
Chief Executive Officer,
Ernst & Young
A professional services firm
Greenwich, CT
Mr. Laskawy initially became a director and Chairman of Fannie Mae's Board in September 2008
Egbert L. J. Perry
Chairman and Chief Executive Officer,
Integral Group LLC
A real estate advisory, investment management, and development company
Atlanta, GA
Board member since 2008
David H. Sidwell
Former Chief Financial Officer and Executive Vice President,
Morgan Stanley
A global financial services firm
New York, NY
Board member since 2008
Frederick B. "Bart" Harvey III
Former Chairman of the Board of Trustees of Enterprise Community Partners
A national nonprofit
Columbia, MD
Mr. Harvey initially became a director in August 2008, before we were put into conservatorship, and FHFA appointed him to Fannie Mae's Board in December 2008
