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

    SC upholds Bombay HC’s order for CBI probe into Jai Corp’s Rs 2,434 crore fraud case, ET RealEstate

    NEW DELHI: The Supreme Court on Monday refused to interfere with the Bombay High Court order that directed the CBI to form a special investigation team (SIT) to probe complaints…

    How a mortgage broker and buyer agent create the perfect team for a buyer – Realty.com.au Blog

    The Power Duo: Mortgage Brokers and Buyer’s Agent unite for Home Buyers embarking on the journey to purchase a property. Especially for first-time buyers, it can feel like navigating a…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Inland Rail ticks off another project

    Inland Rail ticks off another project

    SC upholds Bombay HC’s order for CBI probe into Jai Corp’s Rs 2,434 crore fraud case, ET RealEstate

    SC upholds Bombay HC’s order for CBI probe into Jai Corp’s Rs 2,434 crore fraud case, ET RealEstate

    LibDem leader still having fun

    LibDem leader still having fun

    SA launches new infrastructure strategy

    SA launches new infrastructure strategy

    How a mortgage broker and buyer agent create the perfect team for a buyer – Realty.com.au Blog

    How a mortgage broker and buyer agent create the perfect team for a buyer – Realty.com.au Blog

    Customer Retention in Home Services: The Key to Sustainable Growth

    Customer Retention in Home Services: The Key to Sustainable Growth