John Forlines has been promoted to senior vice president and chief risk officer (CRO) at Fannie Mae.
Forlines has been interim CRO since March 2018. His experience at Fannie Mae spans over 30 years.
Before assuming the role of deputy chief risk officer in December 2015, Forlines served as senior vice president and chief audit executive, and senior vice president and chief credit officer for the company’s single-family division.
The promotion is effective immediately. In his new role, Forlines will manage enterprise risk management, strengthening Fannie Mae’s governance and strategy for global risk management.
Forlines will report to CEO Timothy J. Mayopoulos.
“Today’s promotion reflects my confidence and the confidence of our Board that John is the right person to continue to strengthen enterprise risk management and to lead its drive to become a world-class risk organization,” Mayopoulos says in a release.