Fannie Mae Appoints Akwaboah Acting CEO, Replacing Almodovar

Fannie Mae appointed a new acting chief executive officer on Wednesday, elevating its chief operating officer, Peter Akwaboah, to replace outgoing president and CEO Priscilla Almodovar.

“Peter’s deep operating background, as the former Morgan Stanley COO of Global Technology, makes him the perfect fit for the Acting CEO position while the Board conducts its search for a permanent CEO,” said Fannie Chairman Bill Pulte, who is also the firm’s top regulator, in a statement.