PR Newswire: news distribution, targeting and monitoring
2014

Freddie Mac Announces Future Retirement Of CFO Ross J. Kari

Share with Twitter Share with LinkedIn

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 people."

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 housing. www.FreddieMac.com.

SOURCE Freddie Mac



RELATED LINKS
http://www.freddiemac.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release