Fannie Mae 2011 Annual Report Download - page 216

Interested parties wishing to communicate with the Audit Committee regarding accounting, internal accounting
controls or auditing matters may do so by electronic mail addressed to “[email protected],” or by
U.S. mail addressed to Audit Committee, c/o Office of the Corporate Secretary, Fannie Mae, Mail Stop 1H-2S/05,
3900 Wisconsin Avenue NW, Washington, DC 20016-2892.
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 or complaints, 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. We currently do not plan to hold an annual meeting of
shareholders in 2012. 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, 57, 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.
Mr. Bacon plans to leave the company in March 2012.
David C. Benson, 52, has been Executive Vice President—Capital Markets since April 2009. He also served as
Treasurer from June 2010 to January 2012. 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.
Andrew J. Bon Salle, 46, has been Senior Vice President and Head of Underwriting and Pricing since May 2011.
Mr. Bon Salle previously served as Fannie Mae’s Senior Vice President—Capital Markets from March 2006 to
May 2011, and as Fannie Mae’s Vice President—Portfolio Management from November 2000 to February 2006.
Mr. Bon Salle held the positions of Director, Finance from December 1996 to November 2000 and of Manager,
Early Funding Programs from March 1994 to December 1996. Mr. Bon Salle joined Fannie Mae in September
1992 as a senior capital markets analyst.
Terence W. Edwards, 56, 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,
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