On June 5, Fannie Mae announced that Timothy J. Mayopoulos will be its next president and CEO, effective June 18, 2012. Mr. Mayopoulos is currently executive vice president, chief administrative officer, and general counsel at Fannie Mae. Prior to joining Fannie Mae, he was executive vice president and general counsel at Bank of America Corporation and a senior manager at Deutsche Bank AG, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette, Inc. Mr. Mayopoulos will succeed Michael J. Williams, who in January announced his decision to step down.