Assignment Focused on Timely Issuance of 1st Quarter 2009 Financial Results
McLean, VA – Freddie Mac (NYSE: FRE) today announced that David Moffett, former chief executive officer, will temporarily return to the company as a consultant to Interim CEO John Koskinen. In his role as a consultant, Moffett will provide advice and assistance to the interim CEO in directing the finance division and overseeing the issuance of accurate and timely financial statements.
“I am grateful to David for offering to assist us during this challenging time,” Koskinen said. “David is well positioned to advise me in my oversight of the finance function. He knows the company well from his time as chief executive, and has built an impressive career in finance and accounting leadership as an executive with other leading public companies.”
Freddie Mac will continue its search for a permanent chief financial officer to lead the finance division.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the 2022s, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.