Freddie Mac has found a new chief financial officer. The spot has been vacant since the suicide of a senior executive earlier this year.
The secondary lender announced today that Ross J. Kari was appointed chief financial officer. He starts his new job on Oct. 12.
The new executive, who spent the last year as CFO of Fifth Third Bancorp, worked at Wells Fargo for nearly two decades. He also held the title of chief operating officer at the Federal Home Loan Bank of San Francisco — which like Freddie is a government sponsored enterprise.
Kari will oversee financial controls, accounting and investor relations at the McLean, Va.-based firm. He’ll also be responsible for financial planning and reporting.
“When I came to Freddie Mac I said that building out our senior executive team was near the top of my agenda, and with a new CFO and COO both now on board, we’ve met that goal,” Freddie Mac Chief Executive Officer Charles E. Haldeman Jr. said in the statement.
Kari replaces interim CFO David Kellermann — who was found dead of an apparent suicide in April.
Over at Cincinnati-based Fifth Third, Daniel T. Poston was named to replace Kari as CFO. Poston is an executive vice president and controller at Fifth Third.