Former Fannie Mae chief executive, Daniel Mudd, who was named last month in a mortgage-related Securities and Exchange Commission fraud suit, has officially resigned from the publicly traded investment manager Fortress Investment Group and its board, ending a leave of absence.
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"I want to thank Fortress for the opportunity to help lead the company over the last few years. However, I do not want the uncertainty associated with a leave of absence, on my part, to become a distraction for either Fortress or its investors, and thus, I have decided to resign," Mudd said in a company press release. Fortress principal and co-founder Randal Nardon, who stepped in as interim CEO when Mudd took his leave of absence, will continue in that position.
