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FANNIE MAE BOARD OF DIRECTORS ELECTS JULIE ST. JOHN AND MICHAEL J. WILLIAMS SENIOR VICE PRESIDENTS; SIX OTHERS ELECTED VICE PRESIDENTS

 WASHINGTON, Nov. 16 /PRNewswire/ -- The board of directors of the Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today elected Julie G. St. John senior vice president--transaction processing and management systems and Michael J. Williams senior vice president-- customer applications and technology integration.
 The board also elected six vice presidents: Mary G. Cadagin as vice president for systems development; William F. Farrell as vice president for applications systems development; LeRoy F. Pingho as vice president for regional systems; William F. Pugh as vice president for systems development; Sharon L. Stieber as vice president for mortgage capital markets; and Gene A. Spencer as vice president for MBS investor marketing.
 St. John's responsibilities include managing the information systems function for Fannie Mae's marketing and operations divisions. She also is involved in the development of the company's technology strategy.
 St. John joined Fannie Mae in December 1990 and most recently served as vice president for transaction processing systems. Before that, she was vice president for information systems with Residence Inn by Marriott and held other positions at Marriott. St. John holds a B.A. in English from the University of Michigan and an M.B.A. in finance from Florida State University. She also is a CPA.
 Williams' responsibilities include establishing a data resource management function to coordinate all of Fannie Mae's data analysis and database development activities. He is also in charge of the company's customer-based technology applications, including MORNET, Fannie Mae's lender communications system.
 Williams joined Fannie Mae in March 1991 and served most recently as vice president for customer applications and technology integration. Before that, he was a senior manager for KPMG Peat Marwick's information technology consulting group and worked for the Dupont Company.
 Williams received a BS in commerce and engineering and an M.B.A. in corporate finance (magna cum laude) from Drexel University.
 Cadagin is responsible for directing business and information technology staffs in support of the company's capital markets group, securities trading, and the securities back office. She joined Fannie Mae in August 1992. She previously worked at the Federal Home Loan Mortgage Corporation. Cadagin holds degrees from Northern Illinois University, St. Louis University and the University of South Florida.
 Farrell will direct the development and maintenance of applications software in support of several Fannie Mae departments, including finance, credit, administration, and the office of the general counsel. Before joining Fannie Mae in May 1991, Farrell worked with the Marriott Corporation for six years. He holds degrees from the University of Bridgeport and the University of Hartford.
 Pingho's responsibilities include defining and planning for the systems needs of Fannie Mae's five regional offices. He joined the company in May 1993 as senior director of regional systems following 10 years with MCI Corporation. He attended the University of Maryland and the University of the District of Columbia.
 Pugh's responsibilities include the development of new technology systems to support Fannie Mae's single-family MBS business. Prior to joining the company in September 1992, Pugh worked at MCI Corporation for six years. Pugh holds a degree from Duke University.
 Stieber is responsible for overseeing Fannie Mae's derivative securities business within the financial and information services department. She joined Fannie Mae last July, following three years with the Resolution Trust Corporation (RTC). She holds degrees from the College of Wooster, OH and the University of Edinburgh.
 Spencer will manage the marketing aspects of Fannie Mae's $490 billion MBS business, which encompasses more than 1,200 institutional investors. He has been with the company since 1979, working in the finance and marketing divisions. He holds a degree from the College of William and Mary.
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 11/16/93
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU: PER

KD-DC -- DC028 -- 5145 11/16/93 13:49 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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