Pulte makes sweeping changes to boards of GSEs


Based on the SEC filings, the Freddie Mac board removals included six members including board chair Lance Drummond, and Jane Prokop, who joined the board on Jan. 7. Pulte installed himself as board chair, who joins the board alongside Brandon Hamara, Clinton Jones and Ralph “Cody” Kittle.

At Fannie Mae, eight members were removed but CEO Priscilla Almodovar will remain onboard, as will existing members Renée Lewis Glover, Karin Kimbrough, Manuel Sánchez Rodríguez and Scott Stowell. Michael Heid, the former chair, has been removed. The new appointees include Clinton Jones, Christopher Stanley (of Elon Musk’s SpaceX) and Michael Stucky. Pulte will also serve as chair of Fannie Mae’s board.

“Freddie Mac will provide information regarding any related party transactions and the new directors’ committee assignments as they become known,” the Freddie filing said, while for Fannie the board has yet to finalize any board assignments for the new members.

This is a developing story.



Source link

  • Related Posts

    Viva ACP Achieves ISI Certification, Reinforcing Commitment to Quality and Compliance | The Property Times

    New Delhi, March 19, 2025: Viva ACP, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP), has obtained the prestigious ISI (Indian Standards Institute) certification. This certification, which includes…

    Skating on thin ice: What happened to Australia’s ice rinks?

    Australia was once home to more than 40 ice-rinks, with the popularity of skating peaking in the ’50s and again in the ’80s. There are now just 20 – so…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Key Adelaide rail corridors preserved

    Key Adelaide rail corridors preserved

    Viva ACP Achieves ISI Certification, Reinforcing Commitment to Quality and Compliance | The Property Times

    Viva ACP Achieves ISI Certification, Reinforcing Commitment to Quality and Compliance | The Property Times

    Leap Partners Continues Expansion in North Carolina

    Leap Partners Continues Expansion in North Carolina

    AfPA and Converge: Seeing eye to eye

    AfPA and Converge: Seeing eye to eye

    Skating on thin ice: What happened to Australia’s ice rinks?

    Skating on thin ice: What happened to Australia’s ice rinks?

    ISG auditors investigated

    ISG auditors investigated