Dr. Amy E. Alving Elected to Fannie Mae Board of Directors

Oct 22, 2013, 16:10 ET from Fannie Mae

WASHINGTON, Oct. 22, 2013 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that the Board of Directors has elected Amy E. Alving to the company's Board. Dr. Alving, a seasoned technology leader, will complement other members' areas of expertise and strengthen the Board's governance of Fannie Mae's business transformation as the company improves its infrastructure and builds new capabilities to serve the future housing finance market.

"Dr. Alving brings to the Board an excellent combination of executive leadership skills and deep expertise in technology," said Philip A. Laskawy, Chairman of the Board.  "Her insight and experience will be invaluable as we continue our efforts to build the housing finance system of the future."

Dr. Alving, age 50, served as the Chief Technology Officer and a Senior Vice President at Science Applications International Corporation (SAIC), an engineering and technology applications company, from December 2007 to September 2013.

Prior positions include director of the Special Projects Office at the Defense Advanced Research Projects Agency, White House Fellow, and a tenured faculty member at the University of Minnesota.

Dr. Alving graduated from Princeton University with a Ph.D. in mechanical and aerospace engineering and has a bachelor's degree in mechanical engineering from Stanford University.

Dr. Alving is currently a member of the Board of Directors of Pall Corporation, where she serves as a member of the Nominating/Governance Committee.  In addition, she is a member of the Defense Science Board and the Council on Foreign Relations.

Fannie Mae enables people to buy, refinance, or rent a home.

Visit us at: www.fanniemae.com/progress

Follow us on Twitter: http://twitter.com/FannieMae

SOURCE Fannie Mae