Fannie Names 7 Executives

Fannie Mae has announced the appointment of seven executives, including three that required a vote of its board of directors.The trio elected by the board are: Peter Niculescu, executive vice president for mortgage portfolio business; Donald Remy, senior vice president and deputy general counsel; and David Flaxman, chief e-solutions technology officer for Fannie Mae's e-business. The other new appointments were: Randall Bendine, vice president and chief credit officer for multifamily; David Magidson, vice president for finance and portfolio systems; Bradford Martin, vice president for risk-based capital; and Christine Wolf, vice president for compensation and benefit. Mr. Niculescu was previously Fannie Mae's senior vice president of portfolio strategy, and he formerly worked for Goldman Sachs. Mr. Remy was vice president and deputy general counsel, and previously worked for the U.S. Department of Justice. Mr. Flaxman joins Fannie Mae from Answerthink, a systems integration and management consulting firm he co-founded. Fannie Mae can be found on the Web at http://www.fanniemae.com.