leadership
confidence high
sentiment neutral
materiality 0.30
Director Robert H. Herz resigns from Fannie Mae Board effective June 30, 2024
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- Mr. Herz served 13 years on the board, including as Audit Committee Chair until April 2024.
- Resignation is due to FHFA governance limit of 10 years or age 72; a waiver allowed service through June 30.
- Michael Seelig succeeded Mr. Herz as Audit Committee Chair in April 2024.
- No replacement was announced; the resignation is effective at month-end.