Fannie Mae Appoints Peter Akwaboah as Acting CEO
Fannie Mae has appointed Peter Akwaboah as its Acting CEO, reinforcing its leadership team. Akwaboah, who will maintain his role overseeing the Chief Operating Officer division, will collaborate closely with newly promoted co-presidents Brandon Hamara and John Roscoe.
Leadership Changes at Fannie Mae
Bill Pulte, the director of the Federal Housing Finance Agency, expressed confidence in the new leadership structure. “With the addition of Peter as acting CEO and John Roscoe and Brandon Hamara as co-presidents, we now have a deep bench of three experienced leaders at the very top of Fannie Mae,” he stated.
- Peter Akwaboah: Acting CEO
- Brandon Hamara: Co-president
- John Roscoe: Co-president
Pulte emphasized that this team will contribute to a safer and more reliable Fannie Mae while driving the company’s growth as it continues to rank among the Fortune 25 corporations.
Focus on Operational Strength and Profitability
Michael Stucky, vice chairman of Fannie Mae’s board, remarked that the leadership realignment demonstrates the company’s commitment to operational strength and long-term profitability. These changes follow the departure of Priscilla Almodovar, who held the position of President and CEO since 2022.
Almodovar reflected on her tenure, expressing gratitude for the opportunity to lead the organization. “Serving as President and CEO of Fannie Mae has been the privilege of a lifetime,” she commented. “Together, we have made Fannie Mae stronger than ever.” However, the announcement did not specify whether Almodovar’s exit was due to retirement, resignation, or removal.
In concluding her remarks, she thanked her colleagues and partners for their support and highlighted Fannie Mae’s important role in assisting American homeowners and renters in achieving their dreams.
