McLean, Va., USA - March 11, 2009, McLean, Va., USA - Freddie Mac announced that the company had named John A. Koskinen as the interim chief executive officer and Robert F. Glauber as its interim non-executive chairman.
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Both appointments will be effective upon the resignation of current CEO David M. Moffett, who had announced that he would resign no later than March 13, 2009.
Mr. Koskinen worked as a senior executive of The Palmieri Company, including serving as president and CEO, participating in the restructuring of a range of large, troubled enterprises including the Penn Central, the Teamsters Pension Fund, Levitt and Sons, Inc. and Mutual Benefit.
Mr. Koskinen was president of the United States Soccer Foundation for four years, deputy mayor and city administrator of Washington, DC from 2000 to 2003, assistant to the president and chair of the President's Council on Year 2000 Conversion from 1998 to 2000 and deputy director for management of the Office of Management and Budget from 1994 to 1997.
Mr. Koskinen had served as non-executive chairman of Freddie Mac since September 2008.
Mr. Koskinen also serves on the boards of The AES Corporation, American Capital, Ltd., and the non-profit D.C. Education Compact.
Mr. Glauber served as chairman and CEO of the National Association of Securities Dealers from 2001 to 2006, after first serving as its CEO and president and a member of its board.
Mr. Glauber has been a lecturer at the Kennedy School, undersecretary of the Treasury for Finance and a professor of finance at the Harvard Business School.
Mr. Glauber initially joined the Freddie Mac board of directors in 2006.
Mr. Glauber is a lecturer at Harvard's Kennedy School of Government and a visiting professor at the Harvard Law School.
Mr. Glauber also served as executive director of the task force appointed by President Reagan to report on the 1987 stock market break.
Mr. Glauber has served on the board of the Federal Reserve Bank of Boston, a number of Dreyfus mutual funds, the Investment Company Institute, and as president of the Boston Economic Club.
Mr. Glauber also is a director of Moody's Corporation; a trustee of the International Accounting Standards Committee Foundation; and lead director of XL Capital Ltd. ■
Mr. Glauber served as chairman and CEO of the National Association of Securities Dealers from 2001 to 2006, after first serving as its CEO and president and a member of its board.