Fannie Mae reveals new leadership structure

The firm has named a new CFO and controller

Fannie Mae reveals new leadership structure

Mortgage giant Fannie Mae has made major changes in its executive leadership team.

The firm has announced that Fannie Mae president David Benson has stepped down as interim chief financial officer, with Chryssa Halley (pictured above) taking over. Halley, who previously served as senior vice president and controller, will be overseeing Fannie Mae’s financial management and economic and strategic research functions.

Jim Holmberg (pictured below) has taken on Halley’s previous roles as senior vice president and controller, serving as the company’s principal accounting officer.

“Chryssa is an inspirational leader with deep knowledge of Fannie Mae’s finance operations gained over many years. She embodies our core values of listening, leading, and strengthening, and brings a mission-first mindset to the CFO role as we work to become a leading ESG company,” said Fannie Mae CEO Hugh Frater. “I also want to congratulate Jim on his promotion and thank Dave for his steadfast guidance as interim CFO during the extensive CFO search process.”

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“Beyond her impressive credentials, Chryssa is the right person to lead our finance team as we move into our mission-focused future,” Benson said. “With nearly three decades of combined experience at Fannie Mae, Chryssa and Jim’s respective promotions demonstrate the breadth and depth of talent on our finance leadership team as we work to ensure the continued safety and soundness of the housing finance system.”

Since joining Fannie 15 years ago, Halley has held various positions, including deputy controller; assistant controller for capital markets and operations; vice president for tax, debt, and derivatives, and securities accounting; and vice president for corporate tax.

Meanwhile, Holmberg became a part of Fannie Mae’s leadership team in 2009. He has served as vice president of finance accounting, vice president of finance reporting, and acting vice president for securities accounting.