Fannie Mae announced that Jonathan Plutzik has succeeded Egbert Perry as chair of its board of directors, effective Dec. 12, 2018.
Fannie Mae said Perry stepped down Dec. 19, following 10 years of service on the board.
“I am pleased to announce Jonathan Plutzik as the new chair of Fannie Mae’s Board of Directors,” Perry said in a press release. “Jonathan’s long-standing service and experience on the board will provide the company with deep institutional knowledge and valuable guidance as the company moves forward with its mission to provide access to safe, affordable mortgage financing in the United States.”
Plutzik joined the board in November 2009. He has served as vice chair, chair of the Risk Policy & Capital Committee, vice chair of the Strategic Initiatives & Technology Committee, and as a member of the Compensation Committee.
“I am honored by this appointment and thank Egbert for his strong leadership, integrity, and great work as chair,” Plutzik said. “I look forward to continuing working with the board of directors and our talented management team as they advance our mission to provide liquidity, stability, and affordability to the U.S. housing market and develop innovative solutions to solve America’s housing challenges.”
Perry had been a Fannie Mae director since December 2008 and was appointed chair in March 2014.
“We greatly appreciate the strong leadership, passion, and integrity Egbert has brought to Fannie Mae over the last 10 years. Egbert played an essential role in leading the transformation of Fannie Mae into the company it is today,” Fannie Mae interim CEO Hugh Frater said. “Our employees, customers, and stakeholders can be truly proud of how far we have come as a company as we fulfill our mission of partnering with lenders to provide safe, sustainable, and competitive financing for homes and apartments across the country, helping to improve the lives of millions of Americans.”