---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-23-000760"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T04:15:26.321092+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae CEO Almodovar to also serve as President; CAO and GC changes

## Summary
- President David C. Benson to retire early-to-mid 2024; CEO Priscilla Almodovar appointed President, effective after Benson's departure, subject to FHFA review.
- Chief Administrative Officer Jeffery R. Hayward retiring Dec 31, 2023.
- General Counsel Terry Theologides appointed CAO; Danielle McCoy promoted to General Counsel and Corporate Secretary.
- All officer changes subject to FHFA review.

## SEC filing metadata
- accession: 0000310522-23-000760
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/fnm-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-23-000760
- JSON: https://secwatch.observer/filing/0000310522-23-000760.json
- Plain text: https://secwatch.observer/filing/0000310522-23-000760.txt

## Key facts
- Executive change
  Priscilla Almodovar was appointed as President at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: appointed
  - Role: President
  source text: On November 14, 2023, Fannie Mae’s Board of Directors appointed Priscilla Almodovar, Fannie Mae’s Chief Executive Officer, age 56, as President in addition to her role as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm
- Executive change
  Stergios "Terry" Theologides was appointed as Executive Vice President and Chief Administrative Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: appointed
  - Role: Executive Vice President and Chief Administrative Officer
  source text: Fannie Mae’s Board of Directors appointed Stergios “Terry” Theologides, Fannie Mae’s current Executive Vice President, General Counsel, and Corporate Secretary, to succeed Mr. Hayward as Executive Vice President and Chief Administrative Officer, effective the day following Mr. Hayward’s departure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm
- Executive change
  David C. Benson departed as President at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: retire
  - Role: President
  source text: On November 9, 2023, David C. Benson, President of Fannie Mae (formally, the Federal National Mortgage Association), notified Fannie Mae that he intends to retire in early-to-mid 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm
- Executive change
  Danielle McCoy was appointed as General Counsel and Corporate Secretary at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: appointed
  - Role: General Counsel and Corporate Secretary
  source text: The Board also appointed Danielle McCoy, Fannie Mae’s Senior Vice President, Deputy General Counsel and Deputy Corporate Secretary, to succeed Mr. Theologides as General Counsel and Corporate Secretary, effective upon Mr. Theologides assuming the role of Chief Administrative Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm
- Executive change
  Jeffery R. Hayward departed as Executive Vice President and Chief Administrative Officer at FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE.
  - Action: retire
  - Role: Executive Vice President and Chief Administrative Officer
  source text: On November 9, 2023, Jeffery R. Hayward, Fannie Mae’s Executive Vice President and Chief Administrative Officer, notified Fannie Mae that he intends to retire on December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000760/0000310522-23-000760-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.