Freddie Mac ( (FMCC) ) has issued an announcement.
Freddie Mac has appointed Diana W. Reid as their new CEO, effective immediately, bringing her extensive experience in real estate and financial services to the role. With over 40 years in the industry, including a significant tenure at PNC Financial Services Group, Reid is set to spearhead Freddie Mac’s mission of providing liquidity, stability, and affordability in the housing market. Her appointment is complemented by a straightforward compensation plan and relocation benefits, ensuring her focus on the company’s future success. Michael Hutchins remains President after serving as Interim CEO.
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