Fannie Mae's CIO Set to Leave

By CIOinsight  |  Posted 07-18-2006

Fannie Mae chief information officer Julie St. John, a 16-year veteran of the mortgage financing company, will leave at the end of the year, the company said in a regulatory filing.

In a July 7 filing with the Securities and Exchange Commission, Fannie Mae said St. John "has been taking a lead role in connection with the company's ongoing restructuring of its enterprise systems and operations division." According to the company, she agreed to defer her departure date until Dec. 31.

Through a representative, St. John released this statement: "After 16 years with the company, I made the decision that it was time for me to consider other opportunities both personally and professionally. Out of loyalty to the company, I committed to staying through the end of the year as we complete our important restructuring. I am fortunate to be at a point in my life where I can consider a variety of options."

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