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Freddie Mac director Barbara T. Alexander will not seek re-election

Staff writer |
McLean, Va., USA - December 22, 2009, McLean, Va., USA - Freddie Mac announced that director Barbara T. Alexander will not seek re-election to the company's board when her current term expires, which is expected to be in March 2010.

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Ms. Alexander initially joined the board in 2004 and was one of three directors that the Federal Housing Finance Agency (FHFA) asked to remain on the board after the company was placed into conservatorship in September 2008.

Ms. Alexander currently chairs the Business and Risk Committee and serves on the Compensation and Executive Committees.

Ms. Alexander will continue to serve in those roles through the company's board meeting on March 19, 2010.

Ms. Alexander has been an independent consultant since 2004.

Prior to that, she was a senior advisor to UBS Warburg LLC and managing director of the North American Construction and Furnishings Group in the Corporate Finance Department of UBS.

Ms. Alexander has also held various positions at Salomon Brothers, Smith Barney, Investors Diversified Services, and Wachovia Bank and Trust Company.

Ms. Alexander is a member of the board of directors of Allied World Assurance Company and Qualcomm Incorporated.

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