Fannie Mae COO To Resign in April
Summary
The revolving door at Fannie Mae continues to spin, with the government-sponsored enterprise notifying federal officials Tuesday that Chief Operating Officer Kimberly H. Johnson intends to resign effective April 25. Fannie Mae filed a Form 8-K with the Securities and Exchange Commission on Tuesday to announce Johnson’s intention to step down. Form 8-K is used to notify investors of events that may be important to shareholders and/or the SEC, including the departure or appointment of certain executive officers. Before joining Fannie Mae, Johnson served as director-fixed income sales at Credit Suisse Group AG, an investment banking company. Fannie Mae officials said at the time that Anderson’s role signifies its sustained commitment to promoting supplier diversity, enabling opportunities for minority- and women-owned firms in capital markets, and fostering an accessible, inclusive workplace that attracts, develops, and retains diverse talent.