Fannie Mae 2010 Annual Report Download - page 211

c/o Office of the Corporate Secretary, Fannie Mae, Mail Stop 1H-2S/05, 3900 Wisconsin Avenue NW,
Washington, DC 20016-2892. Communications may be addressed to a specific director or directors, including
Mr. Laskawy, the Chairman of the Board, or to groups of directors, such as the independent or non-
management directors.
The Office of the Corporate Secretary is responsible for processing all communications to a director or
directors. Communications that are deemed by the Office of the Corporate Secretary to be commercial
solicitations, ordinary course customer inquiries, incoherent or obscene are not forwarded to directors.
Director Nominations; Shareholder Proposals
During the conservatorship, FHFA, as conservator, has all powers of the shareholders and Board of Directors
of Fannie Mae. As a result, under the GSE Act, Fannie Mae’s common shareholders no longer have the ability
to recommend director nominees or elect the directors of Fannie Mae or bring business before any meeting of
shareholders pursuant to the procedures in our bylaws. In consultation with the conservator, we currently do
not plan to hold an annual meeting of shareholders in 2011. For more information on the conservatorship,
refer to “Business—Conservatorship and Treasury Agreements—Conservatorship.”
EXECUTIVE OFFICERS
Our current executive officers who are not also members of the Board of Directors are listed below. They have
provided the following information about their principal occupation, business experience and other matters.
Kenneth J. Bacon, 56, has been Executive Vice President—Multifamily (formerly, Housing and Community
Development) since July 2005 and was interim head of Housing and Community Development from January
2005 to July 2005. He was Senior Vice President—Multifamily Lending and Investment from May 2000 to
January 2005, and Senior Vice President—American Communities Fund from October 1999 to May 2000.
From August 1998 to October 1999 he was Senior Vice President of the Community Development Capital
Corporation. He was Senior Vice President of Fannie Mae’s Northeastern Regional Office in Philadelphia from
May 1993 to August 1998. Mr. Bacon was a director of the Fannie Mae Foundation from January 1995 until it
was dissolved in June 2009. He was Vice Chairman of the Fannie Mae Foundation from January 2005 to
September 2008 and was Chairman from September 2008 to June 2009. Mr. Bacon is a director of Comcast
Corporation and the Corporation for Supportive Housing. He is a member of the Executive Leadership
Council.
David C. Benson, 51, has been Executive Vice President—Capital Markets since April 2009 and has also
served as Treasurer since June 2010. Mr. Benson previously served as Fannie Mae’s Executive Vice
President—Capital Markets and Treasury from August 2008 to April 2009, as Fannie Mae’s Senior Vice
President and Treasurer from March 2006 to August 2008, and as Fannie Mae’s Vice President and Assistant
Treasurer from June 2002 to February 2006. Prior to joining Fannie Mae in 2002, Mr. Benson was Managing
Director in the fixed income division of Merrill Lynch & Co. From 1988 through 2002, he served in several
capacities at Merrill Lynch in the areas of risk management, trading, debt syndication and e-commerce based
in New York and London.
Terence W. Edwards, 55, has been Executive Vice President—Credit Portfolio Management since September
2009, when he joined Fannie Mae. Prior to joining Fannie Mae, Mr. Edwards served as the President and
Chief Executive Officer of PHH Corporation, a leading outsource provider of mortgage and fleet management
services, from January 2005 to June 2009. Mr. Edwards was also a member of the Board of Directors of PHH
Corporation from January 2005 through June 2009. Prior to PHH Corporation’s spin-off from Cendant
Corporation (now known as Avis Budget Group, Inc.) in January 2005, Mr. Edwards served as President and
Chief Executive Officer of Cendant Mortgage Corporation (now known as PHH Mortgage Corporation), a
subsidiary of Cendant Corporation, beginning in February 1996. Mr. Edwards had previously served in other
executive roles at PHH Corporation, which he joined in 1980.
David C. Hisey, 50, has been Executive Vice President and Deputy Chief Financial Officer since November
2008 and also assumed the responsibilities of Chief Financial Officer in December 2010. Mr. Hisey previously
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