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.
Refer to the input text as context and select the correct relationship between 'Mel Watt' and 'Director' from the available options.
Options: member of, distributed by, position held, chief executive officer