Fannie Mae Appoints New Member to Board of Directors

Finance and technology entrepreneur George Haywood is the newest addition to the GSE’s leadership.
George Haywood

George Haywood

Washington—Fannie Mae has announced the appointment of George Haywood to the company’s board of directors’ Compensation Committee and the Strategic Initiatives and Technology Committee. Haywood’s main responsibility as member of the board will be to assist Fannie Mae in its mission to provide access to safe, affordable mortgage financing in the U.S.

“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,” Egbert Perry, chairman of the board, said.

Prior to this appointment, Haywood was a self-employed private investor since 1998. From 1982 to 1994, Haywood worked at Lehman Brothers, initially as a corporate bond trader, moving up the ladder to managing director and head of corporate bond trading. From 1994 to 1998, he served as director of Corporate and High Yield Bond Investments for Moore Capital Management, a hedge fund management firm. Haywood is currently a member of the board of Denny’s Corp., where he serves as a member of the Audit and Finance Committee.

“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,” Timothy Mayopoulos, president & CEO, said in a prepared statement.

Image courtesy of dennys.com