The senior govt exodus at Fannie Mae continues: the most recent departure is Kimberly Johnson, the chief working officer of the federal government sponsored enterprise.
Documents filed with the Securities and Trade Fee this week present that Johnson’s resignation will probably be efficient April 25.
Johnson, whose profession with Fannie Mae spans for nearly 20 years, is at the moment answerable for main the mortgage big’s digital transformation, which incorporates overseeing Fannie Mae’s expertise, information, enterprise fashions and operations.
Throughout her 16-year stint on the authorities guarantor, Johnson held quite a few titles, together with vp of capital markets from 2006 to 2012, senior vp of multi-family from 2012 to 2013 and chief threat officer from 2015 to 2018.
Previous to becoming a member of Fannie Mae, Johnson labored for six years as a director of mounted earnings gross sales at Credit score Suisse.
In line with Johnson’s LinkedIn profile, she at the moment serves as a part-time director at Eli Lilly and Firm, an American pharmaceutical firm headquartered in Indianapolis, Indiana.
In June, HousingWire examined the executive-level brain drain at Fannie Mae in recent times. Observers stated the string of govt walkouts is the results of a easy calculus: an skilled, proficient govt could make far extra money elsewhere. Others stated the inflexible construction of conservatorship underneath the FHFA creates a stifling setting, a rub for executives who don’t usually relish being topic to such strict oversight controls.
Andrew Bon Salle, one of many GSE’s most senior leaders and its head of single-family, left on the finish of 2020 to affix the dad or mum firm of wholesale lender House Level Capital.
John Forlines, most just lately Fannie Mae’s chief threat officer, and Noelle Lipscomb, Fannie Mae’s inside audit vp, additionally left the mortgage big in 2021 to affix House Level Capital.
Renee Schultz, Fannie’s senior vp of capital markets, left the GSE in April 2021 after 22 years on the agency to serve on the board of administrators for her alma mater, St. Mary’s School. PennyMac Mortgage Funding Belief appointed Schultz to its board of trustees in Could 2021.
Different senior executives which have departed previously two years embrace: Desmond Smith, chief buyer officer in Fannie Mae’s single-family enterprise, who’s now chief progress officer at United Wholesale Mortgage; Andrew Peters, Fannie Mae’s head of single-family technique and insights, who’s now at Lenderworks; and Jeffrey Walker, most just lately Fannie Mae’s single-family chief technique officer, who now leads CredEvolv.