Fannie Mae names new CFO

Fannie Mae's Board of Directors appointed Robert Blakely as its new CFO, the company announced, as well as disclosing a number of key personnel changes. Blakely joins from MCI, where he served as executive vice president and CFO since April 2003, overseeing the restructuring of the finance, accounting and controls functions. Blakely will join Fannie Mae following the close of MCI's merger with Verizon Communications. In addition to Blakely, In addition to Blakely, Fannie Mae named Robert Levin as chief business officer, Michael Williams as chief operating officer and Carolyn Groobey as senior vice president of strategy.