Total Compensation: $ 11.65 M
Daniel H. Mudd, 49, has served as President and Chief Executive Officer of Fannie Mae since June 2005 to present). Mr. Mudd previously served as Vice Chairman of Fannie Mae's Board of Directors and interim Chief Executive Officer, from December 2004 to June 2005, and as Vice Chairman and Chief Operating Officer from February 2000 to December 2004. Prior to his employment with Fannie Mae, Mr. Mudd was President and Chief Executive Officer of GE Capital, Japan, a diversified financial services company and a wholly-owned subsidiary of the General Electric Company, from April 1999 to February 2000. He also served as President of GE Capital, Asia Pacific, from May 1996 to June 1999. Mr. Mudd has served as a director of the Fannie Mae Foundation since March 2000, serving as Chairman since June 2005, interim Chairman from December 2004 to June 2005, and Vice Chairman from September 2003 to December 2004. Mr. Mudd serves as a director of Fortress Investment Group LLC. Mr. Mudd has been a Fannie Mae director since February 2000.
Total Compensation: $ 5.62 M
Michael J. Williams, 50, has been Executive Vice President and Chief Operating Officer since November 2005. Mr. Williams was Fannie Mae's Executive Vice President for Regulatory Agreements and Restatement from February 2005 to November 2005. Mr. Williams also served as President-Fannie Mae eBusiness from July 2000 to February 2005 and as Senior Vice President-e-commerce from July 1999 to July 2000. Prior to this, Mr. Williams served in various roles in the Single-Family and Corporate Information Systems divisions of the company from 1991 to July 1999. Mr. Williams joined Fannie Mae in 1991.
Total Compensation: $ 3.02 M
Stephen M. Swad, 46, has been Executive Vice President and Chief Financial Officer since August 2007. Mr. Swad previously served as Executive Vice President and Chief Financial Officer Designate from May 2007 to August 2007. Prior to joining Fannie Mae, Mr. Swad was Executive Vice President and Chief Financial Officer at AOL, LLC, from February 2003 to February 2007. Before joining AOL, Mr. Swad served as Executive Vice President of Finance and Administration at Turner Broadcasting System Inc.'s Turner Entertainment Group, from April 2002 to February 2003. From 1998 through 2002, he was with Time Warner, where he served in various corporate finance roles. Mr. Swad also previously served as a partner in KPMG's national office and as the Deputy Chief Accountant at the U.S. Securities and Exchange Commission.
Total Compensation: $ —
Enrico Dallavecchia, 46, has been Executive Vice President and Chief Risk Officer since June 2006. Prior to joining Fannie Mae, Mr. Dallavecchia was with JP Morgan Chase, where he served as Head of Market Risk for Retail Financial Services, Chief Investment Office and Asset Wealth Management from April 2005 to May 2006 and as Market Risk Officer for Global Treasury, Retail Financial Services, Credit Cards and Proprietary Positioning Division and Co-head of Market Risk Technology from December 1998 to March 2005.
Total Compensation: $ —
Rahul N. Merchant, 51, has been Executive Vice President and Chief Information Officer since November 2006. Prior to joining Fannie Mae, Mr. Merchant was with Merrill Lynch & Co., where he served as Head of Technology from 2004 to 2006 and as Head of Global Business Technology for Merrill Lynch's Global Markets and Investment Banking division from 2000 to 2004. Before joining Merrill, he served as Executive Vice President at Dresdner, Kleinwort and Benson, a global investment bank, from 1998 to 2000. He also previously served as Senior Vice President at Sanwa Financial Products and First Vice President at Lehman Brothers, Inc. Mr. Merchant serves on the board of advisors of the American India Foundation.
Total Compensation: $ —
Beth A. Wilkinson, 45, has been Executive Vice President-General Counsel and Corporate Secretary since February 2006. Prior to joining Fannie Mae, Ms. Wilkinson was a partner and Co-Chair, White Collar Practice Group at Latham & Watkins LLP, from 1998 to 2006. Before joining Latham, she served at the Department of Justice as a prosecutor and special counsel for U.S. v. McVeigh and Nichols from 1996 to 1998. During her tenure at the Department of Justice, Ms. Wilkinson was appointed principal deputy of the Terrorism & Violent Crime Section in 1995, and served as Special Counsel to the Deputy Attorney General from 1995 to 1996. Ms. Wilkinson also served as an Assistant U.S. Attorney in the Eastern District of New York from 1991 to 1995. Prior to that time, Ms. Wilkinson was a Captain in the U.S. Army serving as an assistant to the general counsel of the Army for Intelligence & Special Operations from 1987 to 1991. Ms. Wilkinson serves on the board of directors of Equal Justice Works.
Total Compensation: $ 6.97 M
Robert J. Levin, 52, has been Executive Vice President and Chief Business Officer since November 2005. Mr. Levin was Fannie Mae's interim Chief Financial Officer from December 2004 to January 2006. Prior to that position, Mr. Levin was the Executive Vice President of Housing and Community Development from June 1998 to December 2004. From June 1990 to June 1998, he was Executive Vice President-Marketing. Mr. Levin joined Fannie Mae in 1981. Mr. Levin has previously served as a director and as treasurer of the Fannie Mae Foundation.
Total Compensation: $ —
On January 18, 2005, the company appointed David C. Hisey Senior Vice President and Controller effective February 1, 2005. As Controller, Mr. Hisey will be Fannie Mae's principal accounting officer. Mr. Hisey, 44, has been Fannie Mae's Senior Vice President, Financial Controls and Operations since January 3, 2005. Prior to joining Fannie Mae, Mr. Hisey was Managing Director and practice leader of the Lending and Leasing Group and Vice President of Financial Services Consulting at BearingPoint, Inc. (formerly known as KPMG Consulting, Inc., which acquired KPMG LLP's consulting practice in 2000), a management consulting and systems integration company. Prior to joining BearingPoint in 2000, Mr. Hisey was a partner with KPMG LLP. As an audit partner with KPMG LLP, he consulted on lending and capital markets matters including risk management, finance and regulatory advisory, business strategy, operations improvement, technology, securitization, performance measurement, and mergers and acquisitions, and conducted financial statement audits. While at KPMG LLP, Mr. Hisey was not engaged on the Fannie Mae financial statement audit. Mr. Hisey is a Certified Public Accountant.
Total Compensation: $ —
William B. Senhauser, 45, has been Senior Vice President and Chief Compliance Officer since December 2005. Prior to his present appointment, Mr. Senhauser was Vice President for Regulatory Agreements and Restatement from October 2004 to December 2005, Vice President for Operating Initiatives from January 2003 to September 2004, and Vice President, Deputy General Counsel from November 2000 to January 2003. Mr. Senhauser joined Fannie Mae in 2000 as Vice President for Fair Lending.
Total Compensation: $ —
John C. Sites, Jr., Consultant to Wexford Capital, LLC, an SEC registered investment advisor- September 2006 to present. General Partner of Rock Creek Partners II, Ltd, Wexford Capital, LLC, an SEC registered investment advisor (General Partner- January 2008 to present), (Consultant- September 2006 to December 2007). General Partner of Rock Creek Partners II, Ltd, a private equity fund of Rock Creek Capital Advisors, an investment and advisory firm, from October 1997 to present. General Partner of Daystar Special Situations Fund, a private equity fund, from January 1996 to August 2006. Bear, Stearns and Co. (Various positions- 1981 to 1995, including Executive Vice President & Member of the Board of Directors).
Total Compensation: $ —
Leslie Rahl, President and Founder of Capital Market Risk Advisors, Inc., a financial advisory firm specializing in risk management, hedge funds and capital market strategy- 1994 to present, Citibank (Various positions- 1972 to 1991, including nine years as Vice President and Division Head, Derivatives Group- North America), Director of Fannie Mae since February 2004, Other Directorships: Canadian Imperial Bank of Commerce (CIBC) (Member, Risk Management Committee); the International Association of Financial Engineers; and the Fischer Black Memorial Foundation, Other Activities: International Swaps Dealers Association (former director).
Total Compensation: $ —
John K. Wulff, Hercules Incorporated, a manufacturer and supplier of specialty chemical products (Chairman of the Board- December 2003 to present), (Director- July 2003 to December 2003), and (Interim Chairman-October 2003 to December 2003), Financial Accounting Standards Board (FASB) (member) from July 2001 until June 2003, Chief Financial Officer of Union Carbide Corporation, a chemicals and polymers company from 1996 until 2001, Director of Fannie Mae since December 2004, Other Directorships: Hercules Incorporated (Chairman of the Board); Sunoco, Inc. (Member, Audit Committee, and Member, Public Affairs Committee); Celanese Corporation (Chair, Compensation Committee); and Moody's Corporation (Chair, Audit Committee and Member, Governance and Compensation Committee).
Total Compensation: $ —
Greg C. Smith, Principal of Greg C. Smith LLC, a consulting firm with experience in financial service, automotive, and environmental markets, which he founded- June 2007 to present. Ford Motor Company (Vice Chairman- October 2005 until retirement in March 2006), (Executive Vice President and President, The Americas,- 2004 to 2005), and (Group Vice President- 2002 to 2004), Ford Motor Credit Company: Chairman and Chief Executive Officer- 2002 to 2004; Chief Operating Officer- 2001 to 2002; President, Ford Credit North America- 1997 to 2001, Director of Fannie Mae since April 2005, Other Directorships: Penske Corp, Other Activities: American Financial Services Association (former Chairman).
Total Compensation: $ —
Bridget A. Macaskill, Principal of BAM Consulting LLC, an independent financial services consulting firm, which she founded- 2003 to present, Oppenheimer Funds, Inc. (Chairman of the Board- 2000 to 2001), (Chief Executive Officer- 1995 to 2001), and (President- 1991 to 2000), Director of Fannie Mae since December 2005, Other Directorships: Prudential plc (Chair, Remuneration Committee and Member, Nomination Committee) and Scottish & Newcastle plc., Trusteeships: College Retirement Equities Fund (CREF) and the TIAA-CREF Funds.
Total Compensation: $ —
Dennis R. Beresford, Ernst & Young Executive Professor of Accounting, J.M. Tull School of Accounting, Terry College of Business, University of Georgia- 1997 to present, Chairman of the Financial Accounting Standards Board, or FASB, the designated organization in the private sector for establishing standards of financial accounting and reporting in the U.S.- 1987 to 1997, Ernst & Young LLP (including ten years as a Senior Partner and National Director of Accounting)- 1961 to 1986, Director of Fannie Mae since May 2006, Other Directorships: Kimberly-Clark Corporation (Chair, Audit Committee) and Legg Mason, Inc. (Chair, Audit Committee), Other Activities: Member, SEC Advisory Committee on Improvements to Financial Reporting; certified public accountant.
Total Compensation: $ —
Louis J. Freeh, President of Freeh Group International, LLC, a practice of former federal judges and former senior FBI leaders who provide legal, governance, investigative, litigation, and risk management services- January 2006 to present, General Counsel, Corporate Secretary and Ethics Officer of MBNA Corporation, as well as Vice Chairman of MBNA America Bank N.A.- 2001 to January 2006, Director of the Federal Bureau of Investigation (FBI)- 1993 to 2001, U.S. District Judge- Southern District of New York- 1991 to 1993, Director of Fannie Mae since May 2007, Other Directorships: Bristol-Myers Squibb Company (Member, Audit Committee, and Member, Directors and Corporate Governance Committee).
Total Compensation: $ —
Karen N. Horn, Ph.D., Senior Managing Director of Brock Capital Group LLC, an advisory and investment firm- 2003 to present, Managing Director, Private Client Services of Marsh Inc., a subsidiary of Marsh & McLennan Companies- 1999 until retirement in 2003, Senior Managing Director and Head of International Private Banking of Bankers Trust Company- 1996 to 1999, Chairman and Chief Executive Officer of BankOne, Cleveland- 1987 to 1996, President of Federal Reserve Bank of Cleveland- 1982 to 1987, Director of Fannie Mae since September 2006, Other Directorships: Eli Lilly and Company (Chair, Compensation Committee, and Member, Directors and Corporate Governance Committee); Simon Property Group, Inc. (Chair, Governance Committee, and Member, Compensation Committee); and all T. Rowe Price funds and trusts, Other Activities: Vice President of U.S. Russia Investment Fund (a presidential appointment).
Total Compensation: $ —
Stephen B. Ashley, Chairman and Chief Executive Officer of The Ashley Group, a group of commercial and multifamily real estate, brokerage and investment companies- 1995 to present, Chairman and Chief Executive Officer of Sibley Mortgage Corporation, a commercial, multifamily and single-family mortgage banking firm, and Sibley Real Estate Services, Inc.- 1991 to 1995, Director of Fannie Mae since May 1995 and Chairman of Board since December 2004, Other Directorships: Manning & Napier Fund, Inc., Other Activities: Mortgage Bankers Association of America (past president).
Total Compensation: $ —
H. Patrick Swygert, President of Howard University- 1995 to present. Mr. Swygert has announced that he will retire as President of Howard University in June 2008, Director of Fannie Mae since January 2000, Other Directorships: Hartford Financial Services Group, Inc. (Chairman, Nominating and Corporate Governance Committee; Member, Compensation and Personnel Committee; Member, Executive Committee) and United Technologies Corporation (Member, Audit Committee, and Member, Committee on Nominations & Governance), Other Activities: Central Intelligence Agency External Advisory Board (member).
Total Compensation: $ —
Brenda J. Gaines, Diners Club North America, a subsidiary of Citigroup (President and Chief Executive Officer- October 2002 until her retirement in April 2004), (President- February 1999 to September 2002), and (Various other positions- 1988 to February 1999), Deputy Chief of Staff for the Mayor of the City of Chicago- 1985 to 1987, Chicago Commissioner of Housing- 1983 to 1985, Director of Fannie Mae since September 2006, Other Directorships: Office Depot (Chair, Audit Committee, and Member, Corporate Governance and Nominating Committee); NICOR, Inc. (Member, Corporate Governance Committee); and Tenet Healthcare Corporation (Member, Audit Committee, and Member, Compensation Committee).
Total Compensation: $ 3.92 M
Peter S. Niculescu, 48, has been Executive Vice President-Capital Markets (previously Mortgage Portfolio) since November 2002. Mr. Niculescu joined Fannie Mae in March 1999 as Senior Vice President-Portfolio Strategy and served in that position until November 2002.
Total Compensation: $ —
Linda K. Knight, 58, has been Executive Vice President-Enterprise Operations since April 2007. Prior to her present appointment, Ms. Knight served as Executive Vice President-Capital Markets from March 2006 to April 2007. Before that, Ms. Knight served as Senior Vice President and Treasurer from February 1993 to March 2006, and Vice President and Assistant Treasurer from November 1986 to February 1993. Ms. Knight held the position of Director, Treasurer's Office from November 1984 to November 1986, and Assistant Director, Treasurer's Office from February 1984 to November 1984. Ms. Knight joined Fannie Mae in August 1982 as a senior market analyst and served till February 1984.
Total Compensation: $ —
Thomas A. Lund, 49, has been Executive Vice President-Single-Family Mortgage Business since July 2005. He was interim head of Single-Family Mortgage Business from January 2005 to July 2005 and Senior Vice President-Chief Acquisitions Office from January 2004 to January 2005. Mr. Lund served as Senior Vice President-Investor Channel from August 2000 to January 2004, Senior Vice President-Southwestern Regional Office, Dallas, Texas from July 1996 to July 2000, and Vice President for marketing from January 1995 to July 1996.
Total Compensation: $ 5.40 M
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Total Compensation: $ —
Kenneth J. Bacon, 53, has been Executive Vice President-Housing and Community Development since July 2005. He was interim head of Housing and Community Development from January 2005 to July 2005. He was Senior Vice President-Multifamily Lending and Investment from May 2000 to January 2005, and Senior Vice President-American Communities Fund from October 1999 to May 2000. From August 1998 to October 1999 he was Senior Vice President of the Community Development Capital Corporation. He was Senior Vice President of Fannie Mae's Northeastern Regional Office in Philadelphia from May 1993 to August 1998. Mr. Bacon has served as a director of the Fannie Mae Foundation since January 1995 and as Vice Chairman since January 2005. Mr. Bacon is also a director of Comcast Corporation and the Corporation for Supportive Housing. He is a member of the Executive Leadership Council and the Real Estate Round Table.
