Page 45 - September October 2018 Disruption Report Flip Book

FANNIE MAE
SEJPATN.U-AORCYT.20210818
properties. Frater currently serves as non-executive if the board of VEREIT, Inc. and director of ABR Reinsurance Capital Holdings Ltd.
“On behalf of the Board of Directors, we are excited to have an executive with such broad experience and impressive track record as our new Interim CEO,” said Fannie Mae chairman Egbert L.J. Perry. “Hugh has a deep understanding of the housing and the financial services industries, and his experience on our Board makes him an ideal choice to lead Fannie Mae as the Interim CEO.”
“[Frater will be] an excellent complement to the strong management team at Fannie Mae,” said Mayopoulos. “Hugh will serve as a terrific leader who will maintain our momentum and move the company forward as it addresses the needs of both today’s and tomorrow’s homebuyers and renters, while strengthening the housing finance system.”
“I have great respect for Fannie Mae and the significant role it plays in our housing system,” said Frater. “I am humbled and excited to serve at an institution that has made tremendous strides in supporting its customers and making housing more affordable for millions of Americans while reducing risk to taxpayers. I look forward to working alongside the leadership team as we continue to look for new ways to serve our customers, implement our strategy and strengthen the company.” (Press Release, Fannie Mae, 10/08/18)
Fannie Mae names Manuel “Manolo” Sánchez Rodríguez to the Board of Directors
Manuel “Manolo” Sánchez Rodríguez has been elected to the Board of Directors. Mr. Sánchez served as Chairman and CEO of Compass Bank, Inc., a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. Sánchez has been appointed to the Strategic Initiatives & Technology Committee and the Nominating and Corporate Governance Committee.
Sánchez is an adjunct professor at Rice University’s Jones Graduate School of Business, Founder of Adelante Ventures LLC, and Founder Advisor to Spring Labs Inc. From December 2008 to January 2017, Sánchez was the President and CEO of Compass Bank, Inc. a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. Sánchez joined BBVA in 1990 and served in a number of other roles at BBVA prior to becoming President and CEO, of Compass Bank in 2008, including as SVP of Community Banking (2008), President and CEO of Laredo National Bank, (then newly- acquired by BBVA, (2005 to 2008, and Chief Risk Officer) for BBVA Bancomer in Mexico City (2002 to 2005). Sánchez currently serves as a trustee or member of the Board of Directors of
a number of civic, cultural and educational institutions, including the Houston Symphony, KIPP Houston Public Schools, and the Center for Houston’s Future.
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