Pulte brings radical changes to GSEs signs
Based on the SEC archives, the Removals of Freddie Mac Board include six members, including chairman of the board Lance Drummond, and Jane Prokop, who joined the board on 7 January. Pulte installed himself as chairman of the board, who together with Brandon Hamara, Clinton Jones and Ralph “Cody” Kittle.
Eight members were removed at Fannie Mae, but CEO Priscilla Almodovar remains on board, just like existing members Renée Lewis Glover, Karin Kimbrough, Manuel Sánchez Rodríguez and Scott Stowell. Michael Heid, the former chairman, has been removed. The new initiated are Clinton Jones, Christopher Stanley (by Elon Musk’s SpaceX) and Michael Stucky. Pulte will also serve as chairman of the board of Fannie Mae.
“Freddie Mac will provide information about the transactions of connected parties and the assignments of the new director’s committee as they become known,” said the Freddie input, while for Fannie the board does not yet have to complete management assignments for the new members.
This is a developing story.
