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Posted 08 September, 2023

FEDERAL HOME LOAN MORTGAGE CORP appointed new CEO

CEO Change detected for ticker OTC:FMCC in a 8-K filed on 08 September, 2023.


  On September 5, 2023, Michael J. DeVito, Chief Executive Officer (CEO) of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac's Board of Directors of his intention to retire as CEO and as a member of the company's Board of Directors in the first quarter of 2024.  

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Overview of FEDERAL HOME LOAN MORTGAGE CORP
Financial Services • Mortgages
Federal Home Loan Mortgage Corp. engages in the provision of housing finance system solutions. It operates through the Single-Family and Multifamily segments. The Single-Family segment is involved in purchase, securitization, and guarantee of single-family loans, investments, and management of single-family mortgage credit risk and market risk. The Multifamily segment focuses on purchase, securitization, and guarantee of multifamily loans, investments, securities, and management of multifamily mortgage credit risk and market risk. The company was founded on July 24, 1970 and is headquartered in McLean, VA.
Market Cap
$696M
View Company Details
FEDERAL HOME LOAN MORTGAGE CORP by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 5, 2023, Michael J. DeVito, Chief Executive Officer (CEO) of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac's Board of Directors of his intention to retire as CEO and as a member of the company's Board of Directors in the first quarter of 2024.

The Board of Directors will commence its search for a successor.

A copy of the press release issued by Freddie Mac on September 8, 2023 regarding Mr. DeVito is filed as Exhibit 99.1 to this Report on Form 8-K and incorporated herein by reference.