Fannie Mae Appoints Chief Financial Officer

""Fannie Mae"":http://www.fanniemae.com announced Wednesday that the company has hired Susan McFarland to serve as EVP and CFO, effective July 11. McFarland will also take a seat on Fannie Mae's executive committee.

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David Hisey, the GSE's deputy CFO, picked up the finance chief's responsibilities in an interim capacity at the end of last year when David Johnson ""stepped down"":http://dsnews.comarticles/fannie-maes-chief-finance-officer-to-step-down-at-year-end-2010-11-19 from the role.

McFarland joins Fannie Mae from Capital One Financial Corporation, one of the top 10 banks in America, where she

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was EVP and finance and principal accounting officer, and led a team of 500 professionals.

""Susan is an outstanding addition to our management team as we continue to strengthen Fannie Mae's business and position the company to most effectively serve the market in the future,"" said Michael J. Williams, Fannie Mae's president and CEO.

""She has a proven record of accomplishment in consumer and retail financial services; seasoned leadership abilities; and strong business instincts which have been proven time and again,"" Williams added. ""Susan will lead our excellent team in finance and work across the company to help move Fannie Mae forward.""

Prior to her time at Capital One, McFarland spent 16 years at Bank One as it built out its consumer franchise. She has extensive experience in accounting, controls, and operating finance and has had responsibility for tax, budgeting and forecasting, financial planning and analysis, and financial systems. She has worked in both operating and enterprise-wide roles.

McFarland is a graduate of Texas A&M University and a graduate of the Stanford University executive program.