Fannie Mae (FNM) Announces Mangement Restructing; Hisey Named CFO, Levin, Swad and Dallavecchia to Leave
Fannie Mae (NYSE: FNM) announces management restructuring. The executives include Peter Niculescu, who has assumed the duties of Chief Business Officer, as well as the appointments of David C. Hisey as Chief Financial Officer and Michael Shaw as Chief Risk Officer.
Executive Vice President and current Chief Business Officer, Robert J. Levin, has announced his intention to retire from the company early next year after 27 years of service.
David C. Hisey has been named Executive Vice President and Chief Financial Officer, reporting to the President and Chief Executive Officer.
Michael Shaw has been named Chief Risk Officer, reporting to the President and Chief Executive Officer and the Board of Directors.
David C. Benson, currently Senior Vice President and Treasurer, has been promoted to Executive Vice President-Capital Markets and Treasury, with management responsibilities for the company's retained mortgage investment portfolio, liquidity and debt issuance.
Fannie Mae's current Executive Vice President and Chief Financial Officer, Stephen Swad, who joined Fannie Mae in the spring of 2007, has chosen to leave the company and will pursue other opportunities in private equity. The company's current Executive Vice President and Chief Risk Officer, Enrico Dallavecchia, has informed the company that he intends to leave the company to pursue other opportunities in finance and risk management.
Executive Vice President and current Chief Business Officer, Robert J. Levin, has announced his intention to retire from the company early next year after 27 years of service.
David C. Hisey has been named Executive Vice President and Chief Financial Officer, reporting to the President and Chief Executive Officer.
Michael Shaw has been named Chief Risk Officer, reporting to the President and Chief Executive Officer and the Board of Directors.
David C. Benson, currently Senior Vice President and Treasurer, has been promoted to Executive Vice President-Capital Markets and Treasury, with management responsibilities for the company's retained mortgage investment portfolio, liquidity and debt issuance.
Fannie Mae's current Executive Vice President and Chief Financial Officer, Stephen Swad, who joined Fannie Mae in the spring of 2007, has chosen to leave the company and will pursue other opportunities in private equity. The company's current Executive Vice President and Chief Risk Officer, Enrico Dallavecchia, has informed the company that he intends to leave the company to pursue other opportunities in finance and risk management.
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