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Tech

Elon Musk ally quits Fannie Mae board day after he was appointed

A cybersecurity engineer who has worked for two of Elon Musk’s companies resigned from the board of Fannie Mae — just one day after he was appointed to the role, according to a regulatory filing.

Christopher Stanley, a cybersecurity expert who has worked at SpaceX, X and the Department of Government Efficiency, abruptly resigned from Fannie Mae’s board of directors just one day after his appointment was publicly announced, Bloomberg News reported.

The unexpected departure was disclosed through a regulatory filing but offered no details regarding the cause of Stanley’s swift exit.

Christopher Stanley abruptly resigned from the board of Fannie Mae. X / @cstanley

Stanley was appointed to the board alongside Bill Pulte, director of the Federal Housing Finance Agency, and Clinton Jones, FHFA’s general counsel.

The FHFA supervises Fannie Mae and Freddie Mac, two critical institutions in the US mortgage market which were placed under government conservatorship following the 2008 financial crisis.

Investors including Bill Ackman and John Paulson have continuously advocated for the release of these entities back into private control — a move that is likely to significantly benefit shareholders.

An FHFA spokesperson declined to comment while representatives from Stanley and Fannie Mae were unavailable for statements concerning his immediate resignation.

Before his brief foray onto Fannie Mae’s board, Stanley’s name was known in governmental and tech circles.

Christopher Stanley also worked for the Department of Government Efficiency (DOGE). X / @cstanley

Documents obtained by Bloomberg News revealed that Stanley had been appointed as a temporary expert within the Office of Personnel Management — though specifics surrounding his responsibilities remain vague.

An OPM spokesperson told the news site that Stanley “returned to the private sector last month” but provided no further information.

Beyond government and regulatory ties, Stanley played a significant role in Musk’s corporate universe.

Stanley is a cybersecurity expert who is considered close to Musk. X / @cstanley

He joined Twitter’s “core transition team” following Musk’s acquisition in October 2022.

Musk later rebranded Twitter as X.

Stanley is currently the head of security engineering at X and oversees cybersecurity operations at SpaceX.

His LinkedIn profile further identifies him as the chief information security officer for X Payments, an envisioned financial service integral to Musk’s ambition for X as an “everything app.”

Stanley has also been publicly recognized for facilitating the installation of SpaceX’s Starlink satellite internet service at the White House, highlighting his significant influence within Musk’s orbit.

Fannie Mae (Federal National Mortgage Association) is a government-sponsored enterprise that provides liquidity to the US housing market by purchasing and guaranteeing mortgages. Getty Images

Before aligning with Musk’s ventures, Stanley founded his own cybersecurity firm. He also worked with Kentucky-based healthcare provider Baptist Health.

Additionally, TechCrunch previously reported discovering a chatbot named “Department of Government Efficiency AI Assistant” powered by xAI on a subdomain linked to Stanley’s personal website.

This AI claimed its mission was to assist government personnel in eliminating waste and streamlining processes using Musk’s favored first-principles approach.

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