Troubled U.S. mortgage giant Fannie Mae has unveiled a planned management restructuring.

On Wednesday, the firm’s president and CEO, Daniel Mudd, announced a series of senior executive appointments, effective immediately, to oversee and implement the company’s planned capital management and credit loss reduction plan.

“After setting forth our capital and credit plan August 8, we are now putting a senior management structure in place to drive this plan across the company,” Mudd said in a release.

“This team will be responsible for meeting the dual objectives of conserving capital and controlling credit losses while Fannie Mae continues to provide crucial liquidity to the U.S. housing and mortgage markets. As we move through the bottom of this cycle, maintaining capital, managing credit and driving revenues are the priorities — and we have to organize and staff accordingly.”

Amid the changes, the firm’s current chief business officer, is retiring. Its chief financial officer, who joined Fannie Mae in the spring of 2007, has chosen to leave the company and will pursue other opportunities in private equity. And, the company’s chief risk officer is to leave “to pursue other opportunities in finance and risk management”.