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Fannie Mae Chief Executive Officer Michael Williams to Step Down

Michael Williams
Michael Williams, chief executive officer of Fannie Mae, testifies at a House Financial Services Subcommittee on Oversight and Investigations hearing in Washington on Feb. 15, 2011. Photographer: Brendan Hoffman/Bloomberg

Fannie Mae said Chief Executive Officer Michael J. Williams plans to step down after his replacement is appointed.

Williams has been Fannie Mae president and CEO since April 2009 and joined the company in 1991.

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