Fannie Mae has announced that Manuel “Manolo” Sánchez Rodríguez has been elected to its board.
Previously the chairman and CEO of Compass Bank, Sánchez brings expertise in banking, financial services, and technology. He has been appointed to the board’s strategic initiatives and technology committee and the nominating and corporate governance committee.
"We are extremely pleased to welcome Manolo to the Fannie Mae board of directors," Fannie Mae Chairman Egbert Perry said. "We will benefit greatly from his vast banking and financial services experience, technology innovation track record, and deep business strategy expertise."
Sánchez was president and CEO of Compass Bank, a US subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA), from December 2008 to January 2017. He also served as a member of BBVA's worldwide executive committee and was BBVA's country manager for US operations from September 2010 to January 2017. In addition, he became chairman of Compass Bank and its holding company, BBVA Compass Bancshares, in September 2010 and served in these roles until November 2017.
"Manolo is another strong addition to our exceptional board of directors," Fannie Mae CEO Timothy Mayopoulos said. "His extensive banking experience, financial services, and technology expertise, and strong leadership qualities are a great complement to those of his peers on the board. He will help guide us as we continue to deliver against our strategy, improve as a company, and look for ways to provide our customers the innovative tools and solutions they need to address the needs of both today’s and tomorrow’s homebuyers and renters."