Freddie Mac's New CFO Announcement
Today, Freddie Mac (OTCQB: FMCC) has made an important announcement regarding the leadership of its financial operations. James Whitlinger has been appointed as the executive vice president and chief financial officer (CFO), effective immediately. Following his prominent role as senior vice president and Single-Family CFO, which he has held since 2014, Whitlinger steps into the CFO position after having served in an interim capacity since mid-2024. His predecessor, Christian Lown, held the CFO position from mid-2020 until mid-2024.
Leadership Endorsement
The appointment was met with enthusiasm from Freddie Mac's Chief Executive Officer, Diana Reid. She expressed her confidence in Whitlinger, citing him as a strong leader with a wealth of experience in financial management and accounting spanning over three decades. Reid noted, "It’s with great pleasure that we announce Jim Whitlinger as the company’s new chief financial officer. His long tenure and experience at Freddie Mac ensure that he is well positioned to lead the Finance functions of the company."
Whitlinger's Background
James Whitlinger has built a solid foundation in the financial sector. Before joining Freddie Mac, he served as senior vice president at Univest Bank and Trust Company, where his expertise contributed significantly to the institution's financial strategies. His earlier career included notable positions, such as executive vice president and CFO at GMAC ResCap, Inc., further solidifying his reputation as a key player in real estate finance.
Vision as CFO
Expressing his gratitude for the opportunity, Whitlinger shared, "I am excited and humbled to be chosen as Freddie Mac’s next CFO. I thank Freddie Mac’s Board and the company’s outstanding senior leadership team for their confidence, and I look forward to leading the talented and hardworking individuals who make up our Finance Division." His commitment to leading the team and maintaining Freddie Mac's mission is evident in his words.
Freddie Mac's Commitment to Homeownership
Freddie Mac plays a pivotal role in the U.S. housing market, where its mission centers around making homeownership possible for families nationwide. Over the last several decades, Freddie Mac has facilitated liquidity, stability, affordability, and equity in the housing market, helping tens of millions of families either buy, rent, or sustain their homes since its inception in 1970.
Contact Information and Media Inquiries
For any media inquiries, interested parties can reach out to Chris Spina at 703-388-7031 or via email at Christopher_Spina@FreddieMac.com. This contact will assist in facilitating discussions regarding the recent leadership change and overall corporate strategies.
Frequently Asked Questions
Who has been appointed as the new CFO of Freddie Mac?
James Whitlinger is the newly appointed Chief Financial Officer of Freddie Mac, taking on the role immediately.
What experience does James Whitlinger bring to the position?
Whitlinger brings over 30 years of financial management experience, having previously served as senior vice president at Univest Bank and CFO at GMAC ResCap, Inc.
How long has Whitlinger been with Freddie Mac?
Whitlinger has been part of Freddie Mac for ten years, making significant contributions to the company during his tenure.
What was Whitlinger's role before becoming CFO?
Before his appointment as CFO, Whitlinger served as the senior vice president and Single-Family CFO at Freddie Mac.
What is Freddie Mac's mission in the housing market?
Freddie Mac's mission is to promote liquidity, stability, affordability, and equity in the housing market, aiding families in buying, renting, or keeping their homes.
