Three executives are stepping down from their positions at Fannie Mae as the mortgage giant deals with major financial reporting problems, a company spokesman said Monday.
The employees, all senior vice presidents, will move into temporary advisory roles “as the company works through the restatement and re-audit,” said spokesman Chuck Greener.
He identified them as Jonathan Boyles, senior vice president for accounting and tax policy; Janet Pennewell, senior vice president for financial reporting; and Sam Rajappa, senior vice president for operations risk.
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