Fannie Mae appoints Priscilla Almodovar as CEO effective Dec 5, 2022; Benson steps down as interim CEO

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

Priscilla Almodovar appointed CEO and board member; effective December 5, 2022.
Annual base salary of $600,000; eligible for employee benefits and relocation plan with 18-month retention condition.
Almodovar previously CEO of Enterprise Community Partners; former managing director at JPMorgan Chase.
Fannie Mae has business relationships with Enterprise including $150M LIHTC commitments in 2022 and less than $10B in DUS loans serviced by Bellwether.
David C. Benson steps down as interim CEO but remains President of Fannie Mae.

item 5.02

Executive movements

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Appointed

Priscilla Almodovar

Chief Executive Officer

FNMA · FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

Effective: 2022-12-05
Filed: September 29, 2022, 7:59 PM ET

On September 28, 2022, Fannie Mae (formally, the Federal National Mortgage Association) appointed Priscilla Almodovar as Chief Executive Officer and a member of the Board of Directors of the company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Priscilla Almodovar was appointed as Chief Executive Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 28, 2022, Fannie Mae (formally, the Federal National Mortgage Association) appointed Priscilla Almodovar as Chief Executive Officer and a member of the Board of Directors of the company.

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Source: SEC EDGAR

accession 0000310522-22-000559

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