Fannie Mae Appoints Data Science and Technology Executive Diane N. Lye to its Board of Directors
Fannie Mae (OTCQB: FNMA) announced on May 14, 2024, that Diane N. Lye has joined its Board of Directors. Dr. Lye brings over 30 years of expertise in data science and technology from her previous roles, including her most recent position as Chief Information Officer at Rivian Automotive. The addition of Dr. Lye aims to bolster Fannie Mae's efforts in advancing the mortgage experience and supporting risk management and emerging technology opportunities.
- Diane N. Lye's appointment brings over 30 years of data science and technology expertise to Fannie Mae.
- Dr. Lye's experience includes leadership roles in major companies such as Rivian Automotive, Capital One, Amazon, Citigroup, and Bank of America.
- Her appointment is expected to enhance Fannie Mae's risk management systems.
- Fannie Mae aims to leverage Dr. Lye's expertise to identify and develop emerging technology opportunities.
- The press release did not provide specific details on how Dr. Lye's addition will immediately impact Fannie Mae's financial performance.
"We are very pleased to welcome Diane to the Fannie Mae Board of Directors," said Michael J. Heid, Chair of the Board. "Her deep data science and technology expertise will provide rich insights as the company continues to advance the mortgage experience for housing market participants."
"Diane brings extensive technology and financial services knowledge to our talented and diverse Fannie Mae Board of Directors," said Priscilla Almodovar, Fannie Mae's President and Chief Executive Officer. "We will benefit from her broad technology experience as we continue to strengthen systems that support our risk management efforts while identifying and developing emerging technology opportunities to support sustainable access to mortgage credit."
Dr. Lye has over 30 years of experience in data science and technology. Most recently, she served as Chief Information Officer at Rivian Automotive, Inc., an electric vehicle manufacturer, from October 2022 to December 2023. Previously, Dr. Lye was at Capital One, National Association, where she served as Executive Vice President and Chief Information Officer for Card Technology, from May 2019 to September 2022, and as Senior Vice President of Enterprise Data, Machine Learning, Risk and Finance Technology, from October 2016 to May 2019. Prior to joining Capital One, Dr. Lye held a variety of technology-centered leadership roles at Amazon, Citigroup, and Bank of America.
About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
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