Freddie Mac Names Mackey Executive Vice President, CFO

Freddie Mac has hired James G. Mackey as executive vice president and chief financial officer (CFO). Mackey will report to Freddie Mac CEO Donald H. Layton.

Mackey will be joining Freddie Mac the week of Nov. 11 from his most recent leadership position as executive vice president and CFO of Ally Financial, an auto finance and direct banking financial services company. Prior to joining Ally in 2009, Mackey served as CFO of Bank of America's corporate investments, corporate treasury and private equity divisions.

Upon Mackey's arrival, Ross J. Kari, current Freddie Mac executive vice president and CFO, will proceed with his previously announced plans to retire from the company.

‘The board of directors and I are very pleased that Jim is joining Freddie Mac as CFO at a crucial time in the company's life,’ Layton says. ‘Jim brings an impressive track record of success in helping a company deal with significant change, including a situation somewhat similar to the conservatorship under which we now operate. This will prove extremely valuable to Freddie Mac as we work to succeed both while in conservatorship and in the future.’


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