Sheila C. Bair is succeeding Jonathan Plutzik as chair of Fannie Mae’s board of directors on Nov. 20.
Plutzik will remain on the board.
“Sheila’s deep well of experience will provide strong leadership as Fannie Mae works with the Federal Housing Finance Agency to exit conservatorship while simultaneously fulfilling our mission to provide access to safe, affordable mortgage financing,” Plutzik says.
Bair joined the Fannie Mae board in August 2019. During her tenure, she has served as a member of the Community Responsibility & Sustainability Committee, the Nominating and Corporate Governance Committee, and the Risk Policy and Capital Committee.
“Sheila is the perfect person to lead the board and help guide the company as we continue to transition out of government control,” says Hugh R. Frater, Fannie Mae’s CEO. “She will help chart a course forward for the company while making sure we never forget our mission to support mortgage financing in a safe and sound manner.”
Bair was formerly chair of the FDIC, senior vice president for government relations of the New York Stock Exchange, commissioner of the Commodity Futures Trading Commission, counsel to the New York Stock Exchange, and counsel to Senator Bob Dole.