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Article: Fannie Mae's President and COO Small to Step Down in January to Become Secretary of the Smithsonian Institution; Company Commences Search for Replacement.
- Article from:
- PR Newswire
- Article date:
- September 13, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Sept. 13 /PRNewswire/ -- Fannie Mae (NYSE: FNM), the nation's largest source of financing for home mortgages, announced today that President and Chief Operating Officer Lawrence M. Small will step down in early 2000 to become Secretary of the Smithsonian Institution. As is its custom in filling most senior positions, the company has commenced a nationwide search for a replacement for Small, who joined Fannie Mae in September 1991.
"Larry Small has driven Fannie Mae's execution throughout the 1990s. The company's dramatic expansion of service to aspiring home buyers and its spectacular financial performance was significantly enhanced by Larry's ...