Fannie Mae’s Chief Finance Officer to Step Down at Year-End

David Johnson will resign from his position of EVP and CFO at ""Fannie Mae"":http://www.fanniemae.com by the end of the year, the GSE said in a regulatory filing this week.

Until a successor is named, Johnson's No. 2, Deputy CFO David Hisey, will assume his responsibilities.

Johnson stepped into the role two months after Fannie Mae was seized by the federal government in September 2008.[IMAGE] [COLUMN_BREAK]

He was the third finance chief appointed by the company during the year that led up to conservatorship.

At the time, Johnson was described by _CFO Magazine_ as ""an outspoken financial-services-industry veteran."" He had previously held the CFO role at Hartford Financial Services Group, served as CFO for Cendant Corporation, and spent 12 years in Merrill Lynch's investment banking unit.

In an internal email to employees, CEO Michael Williams, said he had accepted Johnson's decision ""with regret and with appreciation for his significant accomplishments during a challenging and critical period in the history of the company.""

Hisey has been with Fannie Mae since January 2005 in various capacities. He served as interim CFO from August to November 2008 prior to Johnson's appointment. Prior to joining Fannie Mae, Hisey was head of the Lending and Leasing Group of BearingPoint, Inc., a management consulting and systems integration company, and an audit partner with KPMG, LLP.