Fannie Mae Names Chief Operating Officer, Peter Akwaboah, to Acting CEO and Promotes John Roscoe and Brandon Hamara, to Co-Presidents
Rhea-AI Summary
Fannie Mae (OTCQB: FNMA) announced leadership changes effective October 22, 2025. Peter Akwaboah, previously chief operating officer, is appointed Acting CEO while continuing to lead the COO division. John Roscoe and Brandon Hamara are promoted to co-presidents. The board said it will conduct a search for a permanent CEO. Outgoing president and CEO Priscilla Almodovar thanked colleagues; the board thanked her for her service.
Positive
- Peter Akwaboah named Acting CEO effective Oct 22, 2025
- John Roscoe and Brandon Hamara promoted to Co‑Presidents
- Akwaboah will continue oversight of the COO division
Negative
- Permanent CEO not yet named; board is still conducting a search
- Leadership change may create short‑term strategic uncertainty for shareholders
News Market Reaction
On the day this news was published, FNMA declined 0.33%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are pleased to announce new leadership roles for three key senior executives, including Peter Akwaboah, Fannie Mae's current Chief Operating Officer, who has been appointed to the additional role of Acting CEO of Fannie Mae," said William J. Pulte, Fannie Mae Chairman of the Board.
"Peter's deep operating background, as the former Morgan Stanley COO of Global Technology, makes him the perfect fit for the Acting CEO position while the Board conducts its search for a permanent CEO. With the addition of Peter as Acting CEO and John Roscoe and Brandon Hamara as Co-Presidents, we now have a deep bench of three experienced leaders at the very top of Fannie Mae. This means a safer, sounder Fannie Mae, all while growing our great Fortune 25 Company," Pulte continued.
"At Fannie Mae, we are building a deep, focused, and operationally experienced leadership team, at the top, to lead the company to increased safety and soundness and accelerated profitability," said Michael Stucky, Fannie Mae Vice Chairman of the Board.
Peter Akwaboah has over 30 years of financial services leadership experience in operations, technology, and innovation at Morgan Stanley, Royal Bank of
"Serving as President and CEO of Fannie Mae has been the privilege of a lifetime. Together, we have made Fannie Mae stronger than ever. I will be eternally grateful to the entire Fannie Mae family, our many partners, and Director Pulte for the opportunity to lead this incredible organization that helps millions of American homeowners and renters access their American Dream," said Priscilla Almodovar, outgoing President and CEO.
"We appreciate Priscilla Almodovar for her years of service to Fannie Mae, and we wish her great success in her next endeavor," said William J. Pulte, Chairman of Fannie Mae.
All leadership roles are effective immediately.
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SOURCE Fannie Mae
FAQ
Who is the Acting CEO of Fannie Mae (FNMA) as of October 22, 2025?
What new roles did John Roscoe and Brandon Hamara receive at Fannie Mae (FNMA)?
Will Peter Akwaboah keep his COO responsibilities after becoming Acting CEO of FNMA?
Has Fannie Mae (FNMA) appointed a permanent CEO following the October 22, 2025 announcement?
Who stepped down as president and CEO of Fannie Mae on October 22, 2025?
