Fannie Mae 2009 Annual Report Download - page 201

The Nominating and Corporate Governance Committee concluded that Mr. Beresford should continue to serve
as a director due to his extensive experience in accounting, finance and risk management, which he gained in
the positions described above.
William Thomas Forrester, 61, served as Chief Financial Officer of The Progressive Corporation from 1999
until his retirement in March 2007, and served in a variety of senior financial and operating positions with
Progressive prior to that time. Prior to joining The Progressive Corporation in 1984, Mr. Forrester was with
Price Waterhouse LLP, a major public accounting firm, from 1976 to 1984. Mr. Forrester is currently a
member of the Board of Directors and Chairman of the Audit Committee of The Navigators Group, Inc. He
also serves on the Finance Committee and Compensation Committee of The Navigators Group, Inc. He
previously was a member of the Board of Directors of Axis Capital Holdings Limited from December 2003 to
May 2006, where he served as Chairman of the Audit Committee. Mr. Forrester has been a Fannie Mae
director since December 2008. Mr. Forrester serves as a member of the Audit Committee and Nominating and
Corporate Governance Committee.
The Nominating and Corporate Governance Committee concluded that Mr. Forrester should continue to serve
as a director due to his extensive experience in business, finance, accounting and risk management, which he
gained in the positions described above.
Brenda J. Gaines, 60, 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
corporations. 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. Ms. Gaines also has over 12 years of
experience with the Department of Housing and Urban Development, including serving as Deputy Regional
Administrator from 1980 to 1981. Ms. Gaines is currently a member of the Board of Directors of Office
Depot, Inc., where she serves as Chair of the Audit Committee and a member of the Corporate Governance
and Nominating Committee. Ms. Gaines is also a member of the Board of Directors of NICOR, Inc., where
she serves as a member of the Corporate Governance Committee, and Tenet Healthcare Corporation, where
she serves as a member of both the Audit Committee and Compensation Committee. She previously was a
member of the Board of Directors of CNA Financial Corporation from October 2004 to May 2007, where she
served as Chair of the Audit Committee. Ms. Gaines initially became a Fannie Mae director in September
2006, before we were put into conservatorship, and FHFA appointed Ms. Gaines to Fannie Mae’s Board in
December 2008. Ms. Gaines serves as Chair of the Compensation Committee and is also a member of the
Audit Committee and Executive Committee.
The Nominating and Corporate Governance Committee concluded that Ms. Gaines should continue to serve as
a director due to her extensive experience in business, finance, accounting, risk management, public policy
matters, mortgage lending, low-income housing, and the regulation of financial institutions, which she gained
in the positions described above.
Charlynn Goins, 67, served as Chairman of the Board of Directors of New York City Health and Hospitals
Corporation from June 2004 to October 2008. She also served on the Board of Trustees of The Mainstay
Funds, New York Life Insurance Company’s retail family of funds, from June 2001 through July 2006 and on
the Board of Directors of The Community’s Bank from February 2001 through June 2004. Ms. Goins also was
a Senior Vice President of Prudential Financial, Inc. (formerly, Prudential Securities, Inc.) from 1990 to 1997.
Ms. Goins serves as the Chairman of the New York Community Trust and as a trustee of the Brooklyn
Museum of Art. She also serves as a director and a member of the Organization and Compensation Committee
of AXA Financial Inc. She is also a director of AXA Equitable, MONY Life and MONY Life of America,
which are subsidiaries of AXA Financial Inc. Ms. Goins is an attorney. Ms. Goins has been a Fannie Mae
director since December 2008. Ms. Goins serves as Chair of the Nominating and Corporate Governance
Committee and is also a member of the Strategic Planning Committee and Executive Committee.
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