The Federal Housing Finance Agency (FHFA), as Conservator of Freddie Mac, makes some changes in the staff. From now on Freddie Mac’s Board of Directors totals in 11 persons. The recently appointed members include: Barbara T. Alexander, Linda B. Bammann, Carolyn H. Byrd, Robert R. Glauber, Laurence E. Hirsch, Christopher S. Lynch, Freddie Mac CEO David M. Moffett, Nicolas P. Retsinas, Eugene B. Shanks, Jr., and Anthony A. Williams.
The renewed directors’ board of Freddie Mac now comprises seven new directors, Non-Executive Chairman John A. Koskinen (appointed by the Conservator in September 2008), and three directors who were on the board prior to conservatorship: Barbara T. Alexander, Robert R. Glauber, and Nicolas P. Retsinas.
Barbara T. Alexander has been an independent consultant since 2004. She was a senior advisor to UBS Warburg LLC and predecessor firms from 1999 to 2004 and managing director of the North American Construction and Furnishings Group in the Corporate Finance Department of UBS from 1992 to 1999. Alexander is a member of the board of directors of Centex Corporation and Qualcomm Incorporated.
Linda B. Bammann was executive vice president, deputy chief risk officer for JPMorgan Chase & Co. from 2004 until her retirement in 2005. Bammann was a managing director with UBS Warburg and predecessor firms from 1992 to 2000. In addition, she was a board member of the Risk Management Association and chairperson of the Loan Syndications and Trading Association.
Carolyn H. Byrd has served as chairman and CEO of GlobalTech Financial, LLC since 2000. She also held a variety of domestic and international positions with The Coca-Cola Company, including chief of internal audits and director of the corporate auditing departments. In addition, Byrd serves as a director of AFC Enterprises, Inc. and a director of Circuit City Stores, Inc.
Robert R. Glauber is a lecturer at Harvard’s Kennedy School of Government and a visiting professor at the Harvard Law School. Prior to that, he served as chairman and CEO of the National Association of Securities Dealers (“NASD”) from 2001 to 2006. He 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. He also is a director of Moody’s Corporation.
Laurence E. Hirsch has served as chairman of Highlander Partners, L.P., a private equity firm, since 2004. Hirsch also serves as the chairman of the board of directors of Eagle Materials Inc. and as a director of A. H. Belo Corporation. In addition, Hirsch is chairman of the Center for European Policy Analysis in Washington, D.C.
John A. Koskinen has served as non-executive chairman of Freddie Mac since September 2008. . Koskinen also serves on the boards of the AES Corporation, American Capital, Ltd., and the non-profit D.C. Education Compact.
Christopher S. Lynch is an independent consultant providing a variety of services to financial intermediaries. Lynch held a variety of senior positions with KPMG.
David M. Moffett joined Freddie Mac as CEO in September 2008. Prior to joining U.S. Bancorp, Moffett was a senior vice president and assistant treasurer in Corporate Treasury at BankAmerica Corporation. Moffett served a financial services industry advisor of Standard & Poor’s Rating Service; a financial services industry advisor of Moody’s Rating Service. Moffett also is a director of eBay Inc.
Nicolas P. Retsinas has been director of Harvard University’s Joint Center for Housing Studies. He served on the board of the Federal Deposit Insurance Corporation from 1996 to 1997, the Federal Housing Finance Board from 1993 to 1998. He is also on the board of trustees for the National Housing Endowment and for Enterprise Community Partners and on the board of directors of the Center for Responsible Lending.
Eugene B. Shanks, Jr. held a variety of positions with Bankers Trust Company from 1973 to 1978 and from 1980 to 1995, including serving as president and director from 1992 to 1995 and before that head of global markets. From 2007 until 2008, Shanks served as the acting CEO of Trinsum.
Anthony A. Williams has been the CEO of Primum Public Realty Trust since 2007. Williams has also been vice chair of the Metropolitan Washington Council of Governments and as president of the National League of Cities. Williams was the first chief financial officer for the U.S. Department of Agriculture. He currently is a director of Meruelo Maddux Properties, Inc.
L.D.