A cybersecurity engineer who worked for two companies, Elon Musk, has resigned from Fannie Mae's board of directors, according to regulatory filings.
Christopher Stanley, a cybersecurity expert who worked in SpaceX, X and Government Efficiency, suddenly resigned from Fannie Mae's board of directors a day after the appointment was made public. This was reported by Bloomberg News.
The unexpected departure was disclosed through regulatory submissions, but no details were provided regarding the cause of Stanley's rapid exit.
Stanley has been appointed to the board along with Bill Prute, director of the Federal Housing and Firm Firm, and Clinton Jones, legal counsel for the FHFA.
FHFA oversees Fannie May and Freddie Mack, two key institutions in the US mortgage market that have been placed under government reserves following the 2008 financial crisis.
Investors, including Bill Ackman and John Paulson, have been continually advocating for the release of these entities to private control. This is a move that is likely to bring significant benefits to shareholders.
An FHFA spokesman declined to comment, and representatives of Stanley and Fanny May were not available to make statements regarding his immediate resignation.
Before his brief foray into Fannie May's board, Stanley's name was known in government and technology circles.
Documents obtained by Bloomberg News reveal that Stanley has been appointed as a temporary expert in the Human Resources Administration, but details surrounding his responsibility remain vague.
An OPM spokesman told the news site that Stanley “returned to the private sector last month” but did not provide any further information.
Beyond government-regulation relations, Stanley played an important role in the corporate universe of masks.
He joined Twitter's “core transition team” following the acquisition of Musk in October 2022.
The mask later rebranded Twitter as X.
Stanley is currently head of security engineering for X and oversees SpaceX's cybersecurity operations.
His LinkedIn profile further identifies him as Chief Information Security Officer for X Payments. This is a financial service essential to Musk's ambitions for X and to its ambition as “all apps.”
Stanley has also been publicly recognized for promoting the installation of SpaceX's Starlink Satellite Internet Service in the White House, highlighting his important impact within Musk's orbit.
Before working with the Musk venture, Stanley founded his own cybersecurity company. He also worked with Baptist Health, a Kentucky-based healthcare provider.
Additionally, TechCrunch previously reported that it had previously discovered a chatbot named “Government Efficiency AI Assistant” with Xai-powered subdomain linked to Stanley's personal website.
The AI argued that its mission was to use Mask's preferred first-principles approach to help eliminate waste and streamlining processes.
