Freddie Mac’s chief executive officer and chairman are leaving the company, as are two members of the board.
A recent notice was received from Charles E. Haldeman Jr. indicating his intent to step down as CEO of Freddie during the coming year.
Word of the planned resignation came Wednesday from Freddie’s regulator, the Federal Housing Finance Agency.
Haldeman, a Harvard M.B.A., was named CEO of the McLean, Va.-based company in July 2009.
Before taking the reins at Freddie, Haldeman was chairman of Putnam Investment Management LLC.
FHFA Acting Director Edward J. DeMarco called Haldeman’s leadership at Freddie “strong.”
DeMarco has requested that the board of directors develop a succession plan for the CEO job, though Haldeman has committed to stay on until a transition is completed. The board is expected to being the succession planning process shortly.
The board, itself, is also headed for transition.
The chairman of the board, John Koskinen, has reached the company’s mandatory retirement age and will relinquish the title in December.
Christopher Lynch has already been elected as Freddie’s new chairman. He currently chairs the audit committee on Freddie’s board.
Lynch previously retired from KPMG LLP and was installed as a director of American International Group Inc. following the company’s bailout by the Treasury Department.
Also departing from Freddie’s board are Robert Glauber, who also reached mandatory retirement age, and Laurence E. Hirsch, who notified by the board last week that he won’t seek re-election. Glauber will continue to serve until his term ends in February 2012.
