Fannie Mae Names George W. Haywood, Finance and Technology Entrepreneur, to the Board of Directors

News provided by

Nov 28, 2016, 04:40 ET

WASHINGTON, Nov. 28, 2016 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that George W. Haywood has been elected to the company's Board of Directors. He has been appointed to the Compensation Committee and the Strategic Initiatives and Technology Committee. Mr. Haywood joins an accomplished Board that will help guide Fannie Mae as it fulfills its mission to provide access to safe, affordable mortgage financing in the United States.

"We are delighted to welcome George to the Fannie Mae Board of Directors," said Egbert L.J. Perry, chairman of the Board. "With his extensive investment experience in finance and technology and his keen ability to identify and develop emerging business opportunities, George will bring valuable and actionable insights to Fannie Mae."

"George Haywood is another outstanding addition to our exceptional Board of Directors," said Timothy J. Mayopoulos, president and chief executive officer. "Throughout his career he has demonstrated clear financial prowess, diverse entrepreneurial talents, and strong leadership qualities, complementing those of his peers on the Board. We are excited to leverage George's passion for helping companies to grow and succeed as we fulfill our commitment to be America's most valued housing partner. Fannie Mae will benefit from his counsel as we continue to focus on serving our customers, expanding opportunities for homeowners and renters, and addressing today's most critical housing challenges."

Mr. Haywood has been a self-employed private investor since 1998. Previously, from 1994 to 1998, Mr. Haywood was the Director of Corporate and High Yield Bond Investments for Moore Capital Management, a hedge fund management firm. Prior to joining Moore Capital Management, from 1982 to 1994, Mr. Haywood worked at Lehman Brothers, initially as a corporate bond trader, then as a Managing Director, head of corporate bond trading, and then as Managing Director and proprietary trader. Mr. Haywood has significant experience as a financial entrepreneur. Mr. Haywood is currently a member of the Board of Directors of Denny's Corporation, where he serves as a member of the Audit and Finance Committee. Mr. Haywood was previously a member of the Board of Directors of XM Satellite Radio Holdings Inc. from 2004 to 2006, where he served as a member of the Finance Committee.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

SOURCE Fannie Mae