FHFA Director Mel Watt said in a statement Wednesday that his agency’s authorizations for new Fannie Mae and Freddie Mac pay plans are meant to “promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability” of the companies.
In the context of the input sentence, determine the relationship between 'Mel Watt' and 'Director'.
Options: position held, chief executive officer, member of, distributed by