Analyze the relationship between 'Mel Watt' and 'Director' within the context of the input sentence.
Options: position held, distributed by, chief executive officer, member of

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.
position held