Saturday November 21, 2009
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New Board Members named at Fannie Mae, Charlotte Russe, DuPont and More

Fannie Mae appoints John C. Sites, Jr. to board of directors. Charlotte Russe’s Mark Rivers leaves the board while Herbert Kleinberger joins. DuPont board elects Lockheed Martin EVP.

Fannie Mae, a New York Stock Exchange company, announced lastweek that John C. Sites, Jr. has been elected to the board of directors, ofwhich he will serve on the Housing and Community Finance and Risk Policy andCapital committees.

Sites, a consultant to Wexford Capital LLC, is also ageneral partner of Rock Creek Partners II Ltd., a private equity fund of investmentand advisory firm Rock Creek Capital Advisors.

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Mark Rivers last week announced his resignation from theboard of directors of mall-based fashion apparel retailer Charlotte RusseHolding Inc., part of recent changes to the company’s board.

Also last week, the company appointed Herbert Kleinberger tothe board effective immediately. Kleinberger will also serve on the company’s audit and compensationcommittees. 

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DuPont, a science-based products and services company, announcedlast week that Marillyn A. Hewson, executive vice president at Lockheed Martin,has been elected to the company’s board of directors.

Hewson brings with her experience in leadership positions inthe aerospace industry, including a 24-year career at Lockheed Martin, whereshe led a broad range of businesses and strategic functions.  As part of her new position with DuPont, shewill be responsible for ensuring that customers around the world receive thebest-value sustainment services and total life cycle support for theiraircraft.

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Leading super-premium coffee company Peet’s Coffee & TeaInc. has appointed Libby Sartain to its board of directors.

Sartain, who currently serves as an executive vice presidentand chief people at Yahoo! Inc., brings with her a distinguished 30-year careerin human resources.  Before joiningYahoo! in 2001, Sartain held executive and officer positions at SouthwestAirlines, where she led all HR functions. She is the co-author of two widely read books on successful employmentstrategies and contributes regularly to industry business publications on HRand management issues.

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Wendell S. Reilly and J. Powell Brown have been elected tothe board of insurance company Brown & Brown, the company announced last week.

Reilly is currently the managing partner of GrapevinePartners LLC of Atlanta, Ga., a private equity investment firm focused on mediaand communications.  Previously, he waschairman and CEO of Grapevine Communications LLC, a group of local TV stationsthat were merged to form Piedmont Television, as well as CFO of Haas Publishingand CFO of The Lamar Corporation, a national outdoor advertising company.

Brown was elected as president of Brown & Brown inJanuary, and was previously a regional executive vice president.  He also serves in an executive officercapacity for certain subsidiaries, and oversees most of the company’s wholesalebrokerage and public entity operations throughout the country.

“I have known Wendell Reilly for many years in connectionwith his services on behalf of Emory University, where he nowserves on the board of trustees.  Hebrings a fresh perspective to the board as we guide Brown & Brown to thenext level.  Powell Brown cut his teethin the insurance business and has proven to be an able leader within thecompany for more than a decade,” said Nominating/Corporate Governance CommitteeChairman Bradley Currey Jr.

 

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ValueVision Media Inc. CEO William J. Lansing has steppeddown from his position at the request of the company’s board of directors.  Lansingwill also be leaving the board, of which Chairman John D. Buck will be takingover as interim CEO of the company.

The board has retained Spencer Stuart, a leading globalexecutive search firm, to assist in a selection committee in starting anational search for a permanent successor to Lansing.

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