Freddie Mac (FMCC) announced that its board of directors has selected Kenny Smith as the company’s Chief Executive Officer, effective December 17. He also will serve as a member of the company’s board of directors. Michael Hutchins, who has served as interim CEO, will continue in his role as president. “Smith brings nearly 40 years of experience providing strategy, operational, risk management and governance counsel to a diverse array of financial services companies and institutions. He spent 27 years at Deloitte Consulting LLP in numerous positions, including five years as Vice Chairman, U.S. Financial Services Industry Leader,” Freddie Mac stated.
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