Fannie Mae has announced new leadership roles for three of its current executives, includingi Peter Akwaboah, Fannie Mae’s chief operating officer, who has been appointed to the added role of acting CEO, FHFA Director and Fannie Mae Chairman of the Board William J. Pulte said in a statement on Oct. 22, 2025.
“Peter’s deep operating background, as the former Morgan Stanley COO of Global Technology, makes him the perfect fit for the Acting CEO position while the board conducts its search for a permanent CEO,” Pulte said.
John Roscoe, who had been senior vice president of operations and communications, and Brandon Hamara, a former Freddie Mac board member, will work together as co-presidents of Fannie Mae.
“We now have a deep bench of three experienced leaders at the very top of Fannie Mae,” Pulte said. “This means a safer, sounder Fannie Mae, all while growing our great Fortune 25 Company.”
Akwaboah has more than 30 years of financial services leadership in operations, technology, and innovation at Morgan Stanley, Royal Bank of Scotland, Deutsche Bank, KPMG, and IBM. He will continue to oversee Fannie Mae’s COO division.
“At Fannie Mae, we are building a deep, focused, and operationally experienced leadership team, at the top, to lead the company to increased safety and soundness and accelerated profitability,” Fannie Mae Vice Chairman of the Board Michael Stucky said.
Outgoing Fannie Mae President and CEO Priscilla Almodovar said her leadership role at Fannie Mae has been the “privilege of a lifetime.”
“Together, we have made Fannie Mae stronger than ever. I will be eternally grateful to the entire Fannie Mae family, our many partners, and Director Pulte for the opportunity to lead this incredible organization that helps millions of American homeowners and renters access their American Dream,” she said.
The news release stated that all the leadership changes are effective immediately.
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