Freddie Mac CEO Resigns
March 2, 2009 by Allison Boyer
Filed under Business
Freddie Mac CEO David Moffett announced today that he is resigning his position, effective no later than March 13, 2009. Board chairman John Koskinen says that they intend to name a interim CEO before March 13 to replace Moffett.
Says Moffett in his resignation letter:
David Moffett - Picture via Newscom
“I have enjoyed my time as CEO of Freddie Mac and I wish all the great employees the very best in the days to come.”
Although Moffett leaving is a blow to Freddie Mac, the FHFA expects to continue running like clockwork, which is especially important right now. According to their press release, Freddie Mac has helped more than five million renters and one in six of all homebuyers find affordable housing.
