Fannie Mae Promotes Jeffery Hayward to EVP and Chief Administrative Officer and Michele Evans to EVP and Head of Multifamily

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) announced the appointment of Jeffery Hayward as Executive Vice President and Chief Administrative Officer and Michele Evans as Executive Vice President and Head of Multifamily, effective immediately. Hayward will oversee teams focused on affordable housing, ESG, and diversity initiatives, while Evans, previously Chief Operating Officer, is tasked with leading the Multifamily sector amidst growing challenges in affordable rental housing.

These roles reflect Fannie Mae's commitment to enhancing housing opportunities and addressing urgent community needs.

Positive

• Appointment of experienced leaders to enhance commitment to affordable housing and ESG initiatives.
• Jeffery Hayward's leadership expected to strengthen diversity and inclusion within the organization.

Negative

• None.

WASHINGTON, Aug. 27, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has appointed Jeffery Hayward to the newly created position of Executive Vice President and Chief Administrative Officer and Michele Evans as Executive Vice President and Head of Multifamily, effective immediately. Hayward, previously Head of Fannie Mae's Multifamily business, will lead Fannie Mae's Affordable Housing; Environmental, Social, and Governance (ESG); Human Resources; Diversity & Inclusion; and Enterprise Workplace teams. Evans most recently served as Fannie Mae Multifamily Chief Operating Officer.

The new role of Chief Administrative Officer reflects Fannie Mae's ongoing commitment to affordable housing, diversity and inclusion, and leading the industry with the company's ESG efforts.

"We're fortunate to have someone of Jeff's unique experience and talent to help us mobilize our most important asset — our human capital. He understands both the moral urgency and competitive value of diversity and inclusion to our own organization and to the broader housing industry. Jeff has the passion, energy, and commercial mindset needed to forge new, creative partnerships with others who share our willingness to invest intellectual, human, and financial capital in change that is lasting and meaningful," said David C. Benson, President, Fannie Mae. "Michele has built strong, trusted relationships with our Multifamily customers, driven change and innovation, and managed Multifamily's business operations. At a time when affordable rental housing is more important than ever to our country, she is the right person to lead our Multifamily team."

"I am thrilled to take the helm of the newly created Chief Administrative Officer organization," said Jeffery Hayward, Executive Vice President and Chief Administrative Officer, Fannie Mae. "We will continue to address the urgent need for affordable housing in our country and our focus on becoming a leading ESG company. We will continue to build a workforce that will take us successfully into the future. And we will double down on our crucial work to foster diversity and ensure inclusion in the workplace."

Hayward joined Fannie Mae in 1987 and has served as Executive Vice President and Head of Multifamily since 2012.

"The challenges of financing quality rental housing and the accelerated pace of technological development in the industry are converging," said Michele Evans, Executive Vice President and Head of Multifamily, Fannie Mae. "I look forward to working with the professionals at Fannie Mae and our Delegated Underwriting and Servicing (DUS®) lenders and borrowers to fulfill our critical mission and make affordable, sustainable multifamily housing a reality for families across the country."

As Multifamily's Chief Operating Officer, Evans helped guide Multifamily's digital transformation, automate its pricing and underwriting, and launch its credit risk transfer business. Evans has been with Fannie Mae since 1992.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news

Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE (800-232-6643)

 

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SOURCE Fannie Mae

FAQ

What are the new executive appointments at Fannie Mae as of August 2020?

Fannie Mae appointed Jeffery Hayward as EVP and Chief Administrative Officer and Michele Evans as EVP and Head of Multifamily.

What is the focus of Jeffery Hayward's role at Fannie Mae?

He will lead teams focused on affordable housing, ESG, human resources, and diversity initiatives.

What challenges is Fannie Mae addressing with the new leadership?

Fannie Mae aims to address the urgent need for affordable rental housing and enhance diversity and inclusion.

Who has been promoted to lead Fannie Mae's Multifamily sector?

Michele Evans has been promoted to EVP and Head of Multifamily, focusing on innovation and customer relationships.