Freddie Mac Announces Future Retirement Of CFO Ross J. Kari
MCLEAN, Va., Dec. 19, 2012
MCLEAN, Va., Dec. 19, 2012 /PRNewswire/ --Freddie Mac (OTC.FMCC) announced
today that its chief financial officer, Ross J. Kari, has informed the company
of his intent to retire in the second half of 2013 following his 55th
birthday. Kari has committed to stay with Freddie Mac until after a successor
is appointed and a smooth transition has taken place.
"Ross has been an invaluable asset to Freddie Mac, leading the company through
some of its most important financial efforts, including the successful
completion of the FAS 140 implementation and Sarbanes-Oxley compliance," said
Chief Executive Officer Donald H. Layton. "He is a truly outstanding CFO and I
greatly appreciate his ongoing commitment to the company, its mission and its
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. Today Freddie Mac is making home possible for one in four
homebuyers and is one of the largest sources of financing for multifamily
SOURCE Freddie Mac
Contact: SHARON MCHALE, +1-703-903-2438
Press spacebar to pause and continue. Press esc to stop.