The man who has led the board at the Federal National Mortgage Association since it was thrust into conservatorship is leaving, and a new leader has been appointed.
A week after Fannie Mae was seized by the Federal Housing Finance Agency in September 2008, Philip A. Laskawy was named non-executive chairman.
But Laskawy, who previously served as chairman and chief executive officer of Ernst &Â Young, has reached the mandatory retirement age and will step down on March 31.
So a new chairman has been named at the Washington, D.C.-based company.
On Tuesday, FHFAÂ Director Melvin L. Watt announced that Egbert L. J. Perry has been named to succeed the current chairman at the secondary lender.
Perry originally joined Fannie’s board in December 2008.
He is founder, chairman and chief executive officer of The Integral Group LLC.
Perry previously served as a director at the Federal Reserve Bank of Atlanta and currently serves as a trustee at the University of Pennsylvania.
In today’s announcement, Fannie Mae CEOÂ Timothy J. Mayopoulos praised outgoing chairman Laskawy for his board leadership.
“We look forward to continuing our progress with Egbert in his new role,” Mayopoulus said. “Egbert’s combination of community development and commercial experience is exceptionally valuable.”
