Fannie Mae 2005 Annual Report Download - page 200

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, 67, 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 Manning & Napier 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.
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
Office Depot, NICOR, Inc. and Tenet Healthcare Corporation. Ms. Gaines has been a Fannie Mae director
since September 2006.
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
of Marsh Inc., a subsidiary of Marsh & McLennan Companies, Inc., from 1999 until her retirement in 2003.
She served as Senior Managing Director and Head of International Private Banking at Bankers Trust Company
from 1996 to 1999, as Chairman and Chief Executive Officer, Bank One, Cleveland, from 1987 to 1996 and
as President of the Federal Reserve Bank of Cleveland from 1982 to 1987. Ms. Horn is a director of Eli Lilly
and Company and Simon Property Group, Inc. and a director or trustee of all T. Rowe Price funds and trusts.
She also serves as a vice-chairman of the U.S. Russia Investment Fund, a presidential appointment. Ms. Horn
has been a Fannie Mae director since September 2006.
Bridget A. Macaskill, 58, is the Principal of BAM Consulting LLC, an independent financial services
consulting firm, which she founded in 2003. Ms. Macaskill has been providing consulting services to the
financial services industry since 2001. Ms. Macaskill previously held several positions at Oppenheimer Funds,
Inc. including serving as Chairman of the Board from 2000 to 2001, Chief Executive Officer from 1995 to
2001 and President from 1991 to 2000. Ms. Macaskill is a director of Prudential plc and Scottish & Newcastle
plc. She also serves on the Board of Trustees of the College Retirement Equities Fund (CREF) and the TIAA-
CREF Funds. Ms. Macaskill has been a Fannie Mae director since December 2005.
195