Fannie Mae Taps Bair as New Chair of Board of Directors

Fannie Mae has announced that Sheila Bair will succeed Jonathan Plutzik as Chair of Fannie Mae’s Board of Directors, effective November 20, 2020. The Board unanimously passed a resolution appointing her as the new Chair on October 28. Plutzik will remain on the Board of Directors.

Bair joined the Fannie Mae Board of Directors in August 2019. During her tenure, she has served as a member of the Community Responsibility & Sustainability Committee, the Nominating and Corporate Governance Committee, and the Risk Policy and Capital Committee. Plutzik has served on the Board since 2008 and has served on the Risk Policy and Capital Committee, the Strategic Initiatives and Technology Committee and the Compensation Committee.

“Fannie Mae appreciates Jonathan’s strong leadership over the last eleven years. He played an integral role in our response to the Coronavirus pandemic and has helped Fannie Mae improve its risk management capabilities, its governance, and meet important milestones as we work to exit conservatorship,” said Hugh Frater, CEO at Fannie Mae. “Sheila is the perfect person to lead the Board and help guide the company as we continue to transition out of government control. She will help chart a course forward for the company while making sure we never forget our mission to support mortgage financing in a safe and sound manner.”

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