Primarily based on the SEC submitting, the elimination of Freddie Mac’s board of administrators included six members, together with board chairs Lance Drummond and Jane Procop, who attended the board assembly on January seventh.
Fannie Could has dominated out eight members, however CEO Priscilla Almodovar will proceed to be onboard, as will present members Lewis Glover, Karin Kimbrough, Manuel Sanchez-Rodriguez and Scott Stowell. Former chair Michael Hyde has been eliminated. New appointees embrace Clinton Jones, Christopher Stanley (Elon Musk’s SpaceX) and Michael Stucky. Pulte can even chair Fannie Mae’s board of administrators.
“Freddie Mac gives info on associated celebration transactions and new board assignments,” Freddiefiling mentioned, however for Fannie, the board has but to finalize the board assignments for the brand new members.
This can be a growing story.
