Page 46 - September October 2018 Disruption Report Flip Book

FANNIE MAE
SEJPATN.U-AORCYT.20210818
“We are extremely pleased to welcome Manolo to the Fannie Mae Board of Directors,” said Egbert L.J. Perry, Chairman of the Board. “We will benefit greatly from his vast banking and financial services experience, technology innovation track record, and deep business strategy expertise.”
“Manolo is another strong addition to our exceptional Board of Directors,” said CEO Timothy Mayopoulos. “His extensive banking experience, financial services and technology expertise, and strong leadership qualities are a great complement to those of his peers on the Board. He will help guide us as we continue to deliver against our strategy, improve as a company, and look for ways to provide our customers the innovative tools and solutions they need to address the needs of both today’s and tomorrow’s homebuyers and renters.” (Press Release, Fannie Mae, 09/17/18)
Fannie Mae promotes John Forlines to Chief Risk Officer
On October 3, Fannie Mae promoted John Forlines to SVP and Chief Risk Officer (CRO), effective immediately. Forlines will report to the CEO and will manage Enterprise Risk Management (ERM), strengthening the company’s governance and strategy for global risk management. He has been interim CRO since March 2018. Forlines’ experience at Fannie Mae spans over 30 years, serving as Deputy Chief Risk Officer, SVP and Chief Audit Executive, and SVP and Chief Credit Officer for the company’s Single-Family division.
“Today’s promotion reflects my confidence and the confidence of our Board that John is the right person to continue to strengthen Enterprise Risk Management and to lead its drive to become a world-class risk organization,” said CEO Timothy J. Mayopoulos. (Press Release, Fannie Mae, 10/03/18)
Fannie Mae EVP Brooks joins Coinbase as chief legal officer
Brian Brooks, Fannie Mae’s EVP, legal counsel and secretary, is stepping down to become the chief legal officer for Coinbase, one of the world’s largest digital currency exchanges.
“We are extremely grateful for Brian’s four years of strong leadership, insightful counsel, and critical contributions to Fannie Mae’s transformation, and we wish he were staying,” said Fannie Mae CEO Tim Mayopoulos. “This is a loss for Fannie Mae, but also a great opportunity for Brian to pursue his longstanding interest in financial technologies and the fintech community. Fortunately, our company’s bench of legal talent is strong and deep.” Fannie’s general counsel, Stephen McElhennon, will serve as Brooks’ replacement on an interim basis until the enterprise can find a permanent replacement.
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