Freddie Mac has appointed Donald H. Layton CEO and elected him as a member of its board of directors. Layton will join the company on May 21.
Layton was previously chairman and CEO of E*TRADE Financial and vice chairman of JPMorgan Chase. He has also served as a senior advisor to the Securities Industry and Financial Markets Association from 2006 to 2008 and is chairman of the board of the Partnership for the Homeless, a nonprofit dedicated to reducing homelessness in New York City. He succeeds Charles E. Haldeman Jr., who served as CEO since August 2009.
‘Don brings strong executive leadership and a deep understanding of financial markets at a pivotal time for Freddie Mac,’ says Christopher S. Lynch, Freddie Mac's non-executive chairman. ‘His operating experience, analytical rigor and boundless energy make Don the right leader to continue our important work of supporting the nation's housing market and helping America's families, and to guide Freddie Mac in helping build a stronger framework for the future of housing finance.’