Fannie Mae 2004 Annual Report Download - page 218

Item 9B. Other Information
None.
PART III
Item 10. Directors and Executive Officers of the Registrant
Directors
Our current directors are listed below. They have provided the following information about their principal
occupation, business experience and other matters.
Stephen B. Ashley, 66, has been Chairman and Chief Executive Officer of The Ashley Group, a group of
commercial and multifamily real estate, brokerage and investment companies, since 1995. The Ashley Group
is comprised of S.B. Ashley Management Corporation, S.B. Ashley Brokerage Corporation and S.B. Ashley &
Associates Venture Company, LLC. From 1991 to 1995, Mr. Ashley served as Chairman and Chief Executive
Officer of Sibley Mortgage Corporation, a commercial, multifamily and single-family mortgage banking firm,
and Sibley Real Estate Services, Inc. Mr. Ashley is a past President of the Mortgage Bankers Association of
America and has over 40 years of experience in the real estate and real estate financing industries. Mr. Ashley
also serves as a director of The Genesee Corporation and Exeter Fund, Inc. In addition, Mr. Ashley serves as a
trustee of Cornell University. Mr. Ashley has been a Fannie Mae director since May 1995 and Chairman of
Fannie Mae’s Board since December 2004.
Dennis R. Beresford, 68, has served as Ernst & Young Executive Professor of Accounting at the J.M. Tull
School of Accounting, Terry College of Business, University of Georgia since 1997. From 1987 to 1997,
Mr. Beresford served as Chairman of the Financial Accounting Standards Board, or FASB, the designated
organization in the private sector for establishing standards of financial accounting and reporting in the United
States. From 1961 to 1986, Mr. Beresford was with Ernst & Young LLP, including ten years as a Senior
Partner and National Director of Accounting. Mr. Beresford is a member of the Board of Directors and
Chairman of the Audit Committee of Kimberly-Clark Corporation and Legg Mason, Inc. Mr. Beresford is a
certified public accountant. Mr. Beresford has been a Fannie Mae director since May 2006.
Kenneth M. Duberstein, 62, has been Chairman and Chief Executive Officer of The Duberstein Group, Inc., an
independent strategic planning and consulting company, since 1989. He served as Chief of Staff to the
President of the United States from 1988 to 1989. Mr. Duberstein also serves as a director of The Boeing
Company, ConocoPhillips, Inc., Mack-Cali Realty Corporation and The St. Paul Travelers Companies, Inc.
Mr. Duberstein has been a Fannie Mae director since May 1998.
Brenda J. Gaines, 57, served as President and Chief Executive Officer of Diners Club North America, a
subsidiary of Citigroup, from October 2002 until her retirement in April 2004. She served as President, Diners
Club North America, from February 1999 to September 2002. From 1988 until her appointment as President,
she held various positions within Diners Club North America, Citigroup and Citigroup’s predecessor corpora-
tions. She also served as Deputy Chief of Staff for the Mayor of the City of Chicago from 1985 to 1987 and
as Chicago Commissioner of Housing from 1983 to 1985. In addition, Ms. Gaines serves as a director of CNA
Financial Corporation, Office Depot, NICOR, Inc. and Tenet Healthcare Corporation. Ms. Gaines has been a
Fannie Mae director since September 2006.
Thomas P. Gerrity, 65, has been Professor of Management since 1990, and was Dean from June 1990 to July
1999, of The Wharton School of the University of Pennsylvania. He was President of CSC Consulting and
Vice President of Computer Sciences Corporation from May 1989 to June 1990 and Chairman and Chief
Executive Officer of Index Group, Inc., from 1969 to 1989. Mr. Gerrity also serves as a director of
CVS Corporation, Internet Capital Group, Inc., Sunoco, Inc. and Hercules, Inc. Mr. Gerrity has been a Fannie
Mae director since September 1991.
Karen N. Horn, Ph.D., 63, is a Senior Managing Director of Brock Capital Group LLC, an advisory and
investment firm, a position she has held since 2003. She served as Managing Director, Private Client Services
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