Fannie Mae names McFarland CFO
Fannie Mae named Susan McFarland executive vice president and chief financial officer.
She replaces David Johnson, who had been head of the government-sponsored enterprise since soon after the feds put Fannie in conservatorship. Johnson announced plans to resign in November. Deputy CFO David Hisey served in the interim.
McFarland had been executive vice president, finance and principal accounting officer at Capital One Financial ($61.24 0%). She will serve on the executive committee of the GSE.
President and CEO Michael Williams said McFarland has extensive experience in consumer and retail financial services.
"She has … seasoned leadership abilities and strong business instincts, which have been proven time and again," Williams said. "Susan will lead our excellent team in finance and work across the company to help move Fannie Mae forward."
At Capital One, McFarland led a team of 500, placing high priority on talent development and management, according to Fannie Mae.
Write to Jason Philyaw.
Don’t miss out: get HW delivered via email
- Current Chg.
- NASDAQ 3498.97 33.722 ^ixic
- S&P 500 1650.51 -4.84 ^gspc
- Volatility Index 14.07 0.25 ^vix
- KBW Mort. Financial Index 32.58 0.39 ^mfx
- MSCI US REIT Index 1024.72 -18.17 ^rmz