Timothy Mayopoulos

Timothy Mayopoulos
Born Timothy J. Mayopoulos
1958/1959 (age 59–60)
Nationality American
Alma mater Cornell University
New York University School of Law
Occupation businessman and lawyer
Salary US$2,016,705[1]
Title President and CEO, Fannie Mae
Term 2012-
Spouse(s) Amy Lefkof (separated)
Children 2
Parent(s) Harry B. Mayopoulos
Eleanor Ida (Raifsnider) Mayopoulos

Timothy J. Mayopoulos (born 1958/59) is an American businessman and lawyer, who has been president and chief executive officer (CEO) of Fannie Mae since 2012.[2][3]

Early life

Timothy J. Mayopoulos is the son of Harry B. Mayopoulos and his wife Eleanor Ida (Raifsnider) Mayopoulos of Charlotte, North Carolina.[4] Harry was a union organizer and United Auto Workers member, and Eleanor worked part-time at a Sears store.[5]

Mayopoulos has a bachelor's degree in English from Cornell University in 1980 and a juris doctorate from the New York University School of Law in 1984.[1][2]

Career

Pre-Fannie Mae Era

After law school, Mayopoulos clerked for the Honorable William C. Conner of the U.S. District Court for the Southern District of New York (1984-1986).[6] He then worked for the law firm Davis Polk & Wardell (1986-1994), before serving on the Whitewater investigation as part of the Office of the Inspector General (1994-1996).

From 1996-2000, Mayopoulos was managing director and associate general counsel at Donaldson, Lufkin, & Jenrette, Inc. He served as managing director and senior deputy general counsel at Americas of Credit Suisse First Boston (2000-2001) and as managing director and general counsel for Americas of Deustche Bank AG's Corporate and Investment Bank (2002-2004). He became executive vice president and general counsel of Bank of America in 2004.[7] In 2009, Mayopoulos was dismissed from his job as general counsel at Bank of America.[8][9]

Fannie Mae Era

Mayopoulos joined Fannie Mae in 2009 as executive vice president, general counsel, and corporate secretary. In 2010, he became chief administrative officer for Fannie Mae. He was named president and chief executive officer of Fannie Mae in 2012.[10]

He's a member of the Board of Directors of Science Applications International Corporation[11] and is an independent director on Lending Club's Board of Directors.[12]

In July 2016, Fifth Third Bancorp, Ohio's largest bank, dismissed its general counsel Heather Russell, because she was having a romantic relationship with Mayopoulos, who is separated from his wife, as this represented a conflict of interest.[13][14]

Awards

Mayopoulos received a Glassdoor Employees’ Choice Award as a Highest Rated CEO in 2017.[15]

Personal life

He is married to Amy Lefkof, but they are separated,[16][14] and have two children.[17]

References

  1. 1 2 "Stocks". Bloomberg. Retrieved 2017-01-21.
  2. 1 2 "Leadership Team - Timothy J. Mayopoulos". Fannie Mae. 2016-09-30. Retrieved 2017-01-21.
  3. "Atlantic Exchange featuring Timothy J. Mayopoulos". The Atlantic. Retrieved 2017-01-21.
  4. "Eleanor Mayopoulos". Obitservices.com. Retrieved 2017-01-21.
  5. "Fannie Mae CEO sees his career interests come full circle". as.cornell.edu. Retrieved 2017-08-30.
  6. "Timothy J. Mayopoulos Lawyer Profile on Martindale.com". www.martindale.com. Retrieved 2017-08-30.
  7. "Timothy J. Mayopoulos of Fannie Mae Executive Profile". insiders.morningstar.com. Retrieved 2017-08-30.
  8. Louise Story (2009-09-08). "Bank of America's Firing of Counsel Is Examined". The New York Times. Retrieved 2017-01-21.
  9. "EXCLUSIVE: Inside The Firing Of Bank Of America's Top Lawyer". Business Insider. 2009-09-09. Retrieved 2017-01-21.
  10. "Fannie Mae names Timothy J. Mayopoulos as new CEO". Washington Post. Retrieved 2017-08-30.
  11. "Timothy Mayopoulos Joins SAIC's Board of Directors | SAIC". investors.saic.com. Retrieved 2017-08-30.
  12. "Fannie Mae CEO Timothy Mayopoulos joining Lending Club board of directors". Retrieved 2017-08-30.
  13. Glazer, Emily (2016-08-10). "Romantic Relationship With Fannie Mae CEO Prompted Firing of Fifth Third Lawyer". Wsj.com. Retrieved 2017-01-21.
  14. 1 2 Roberts, Deon (2016-08-11). "WSJ: Ex-Bank of America lawyer lost job over relationship with Fannie CEO". The Charlotte Observer. Retrieved 2017-01-21.
  15. "Fannie Mae CEO Timothy J. Mayopoulos Named a Glassdoor Highest Rated CEO in 2017 | Fannie Mae". www.fanniemae.com. Retrieved 2017-08-30.
  16. Purvis, Kathleen (2014-03-23). "Charlotte's Gus Mayopoulos leads Harvard's student council". The Charlotte Observer. Retrieved 2017-01-21.
  17. "Class Notes 1980 to 1989". Cornellalumnimagazine.com. Retrieved 2017-01-21.
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