Total Compensation: $ 9.05 M
Mr. Syron was appointed Chairman of the Board and Chief Executive Officer of Freddie Mac in December 2003. Prior to joining Freddie Mac, Mr. Syron was the Executive Chairman of Thermo Electron Corporation from November 2002 to December 2003. Mr. Syron was named to the Board of Thermo Electron in 1997. He became Chairman in January 2000 and was Chief Executive OÇcer from June 1999 to November 2002. He also served as President of Thermo Electron from June 1999 to July 2000. Prior to joining Thermo Electron, he served as Chairman and Chief Executive Officer of the American Stock Exchange from 1994 to May 1999, President of the Federal Reserve Bank of Boston from 1989 to 1994, and President of the Federal Home Loan Bank of Boston from 1986 to 1989. He also is a director of the McKesson Corporation.
Total Compensation: $ 9.27 M
Mr. McQuade was appointed President and Chief Operating Officer of Freddie Mac effective September 1, 2004. Prior to joining Freddie Mac, Mr. McQuade was President of Bank of America Corporation. He also served as President and Chief Operating Officer of FleetBoston Financial Corp., which merged with Bank of America on April 1, 2004. Mr. McQuade joined Fleet in 1992 and became Chief Financial Officer in 1993, Vice Chairman in 1997, and President and Chief Operating Officer in 2002. Prior to joining Fleet, Mr. McQuade was Executive Vice President and Controller of Manufacturers Hanover Corp. Mr. McQuade also is a director of XL Capital Ltd.
Total Compensation: $ 2.75 M
Martin F. Baumann was appointed Executive Vice President, Finance in April 2003 and Chief Financial Officer in June 2003. Prior to joining us, Mr. Baumann worked at PricewaterhouseCoopers since 1969, where he was a partner from 1980. At PricewaterhouseCoopers, he performed a variety of functions, including serving as the Deputy Chairman - World Financial Services Practice and as the Global Banking Leader. He also served on PricewaterhouseCoopers U.S. and World Financial Services Executive Committees.
Total Compensation: $ —
John F. Woods was named Senior Vice President and Principal Accounting Officer in October 2003 and Corporate Controller in February 2005. Prior to that, Mr. Woods served as Senior Vice President, Control and Accounting in Funding and Investments from April 2002 to October 2003. Prior to joining us, Mr. Woods was a consulting partner at Arthur Andersen.
Total Compensation: $ —
Margaret A. Colon was named Senior Vice President and Chief Administrative Officer in October 2003. Prior to that, Ms. Colon served as Senior Vice President of Infrastructure Initiatives Program Management from July 2002 to October 2003 and as Senior Vice President and Single-Family Chief Operating Officer from June 2000 through June 2002. Prior to June 2000, she also has served in various other positions at our company, including Senior Vice President - Servicer, Vice President of Corporate Finance Operations, Vice President and Assistant to the President, Vice President and Multifamily Controller. Prior to joining us in 1983, Ms. Colon was a senior auditor with Deloitte Haskins and Sells.
Total Compensation: $ —
Joan E. Donoghue was named Freddie Mac's Senior Vice President, General Counsel and Corporate Secretary in February 2005. Ms. Donoghue had previously served as Senior Vice President and Principal Deputy General Counsel since April 2004. She joined Freddie Mac in 2001 as Associate General Counsel and later served as Vice President and Acting General Counsel. Prior to joining Freddie Mac, Ms. Donoghue held positions of increasing importance with the U.S. Department of State including Deputy Legal Adviser. She also served as deputy general counsel at the U.S. Department of the Treasury. She also served as visiting professor at Boalt Hall School of Law, University of California at Berkeley, where she was a Council on Foreign Relations International Affairs Fellow. She began her legal career as an associate attorney with Covington and Burling.
Total Compensation: $ —
Stanley J.D. Martin was appointed Senior Vice President and General Auditor in June 2004. Immediately prior to his appointment, Mr. Martin had served as interim General Auditor since February 2004. Before that, Mr. Martin served as Executive Vice President and then as a consultant to HSBC Bank USA from 2000 to April 2003. From 1998 to 2000, he was Chief Financial Officer and Executive Vice President of Republic New York Corporation. Prior to that, Mr. Martin was a Partner at KPMG LLP from 1982 to 1998.
Total Compensation: $ —
Hollis S. McLoughlin was named Senior Vice President and Chief of Staff in April 2004. Since 1998, Mr. McLoughlin has been Chief Operating Officer of two private equity-backed operating companies. Before that, he was one of the founding partners of Darby Overseas, a private equity partner based in Washington, D.C. He has also been a senior executive at Purolator Courier, the overnight delivery company and a privately held transportation company. From 1989 through 1992, Mr. McLoughlin served as Assistant Secretary of the Treasury under former president George H. W. Bush. He served as Chief of Staff to Sen. Nicholas Brady, RN. J., in 1982 and to Rep. Millicent Fenwick, R-N.J., from 1975 to 1979.
Total Compensation: $ —
David A. Andrukonis was appointed Senior Vice President and Chief Enterprise Risk Officer in October 2003. Prior to that he served as Senior Vice President of Single-Family Capital Deployment from September 2001 through October 2003. He also served as Senior Vice President and Chief Credit Officer from August 1998 through September 2001. Prior to that, he held various positions at our company since joining us in 1980, including Senior Vice President and General Manager of the Seller Division, Vice President of Mortgage Finance, Manager of Product Development and Pricing and Senior Economist.
Total Compensation: $ —
Jerry Weiss was appointed Senior Vice President and Chief Compliance Officer in October 2003. Prior to joining us, Mr. Weiss worked from 1990 at Merrill Lynch Investment Managers, most recently as First Vice President and Global Head of Compliance. From 1982 to 1990, Mr. Weiss was with a national law practice in Washington, D.C., where he specialized in securities regulation and corporate finance matters.
Total Compensation: $ —
Mr. Lewis is a Managing Director and Co-Chairman of Investment Banking at Lazard Ltd, a position he has held since April 2004. From 1978 to 1980 and from 1982 to April 2004, he held various positions at Morgan Stanley, most recently serving as Managing Director and Co-Head of the Global Banking Department from 1999 to 2004. Mr. Lewis also is a director of Darden Restaurants, Inc.
Total Compensation: $ —
Ms. Alexander has been an independent consultant since January 2004. Prior to that, she was a Senior Advisor to UBS Warburg LLC and predecessor firms (UBS) from October 1999 to January 2004 and Managing Director of the North American Construction and Furnishings Group in the Corporate Finance Department of UBS from 1992 to October 1999. From 1987 to 1992, Ms. Alexander was a Managing Director in the Corporate Finance Department of Salomon Brothers Inc. From 1972 to 1987, she 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 Burlington Resources, Inc.; Centex Corporation, where she is chair of the Audit Committee; and Harrah's Entertainment, Inc., where she is chair of the Audit Committee. She also is an Executive Fellow at the Joint Center for Housing Studies at Harvard University.
Total Compensation: $ —
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Total Compensation: $ —
Ms. Engler is an attorney and is Trustee of the JNL Series Trust and the JNL Investor Series Trust, each an investment company, and has been a member of the Board of Managers of each of the JNL Variable Funds since 2000. From 1992 to 2000, she was of counsel to the law firm of Varnum Riddering, Schmidt & Howlett, a Grand Rapids, Michigan based law firm. Prior to that, she was a partner in the Houston law firm of Nathan, Wood & Sommers. Ms. Engler served on our Board as a Presidential appointee from 2001 through March 31, 2004, when she was elected to our Board by the stockholders.
Total Compensation: $ —
Mr. Poe has been President of Ronald F. Poe & Associates, a private real estate investment firm, since 1998. In September 1998, he retired as Chairman of the Board and Chief Executive Officer of Legg Mason Dorman & Wilson, Inc., a real estate investment banking firm, where he had worked for 34 years. Mr. Poe also is a director of CPC Resources, Inc., the for-profit wholly owned subsidiary of Community Preservation Corporation, a not-for-profit corporation.
Total Compensation: $ —
Mr. O'Malley served as Non-executive Chairman of Freddie Mac from June to December 2003. Upon the appointment of Mr. Syron as Chairman and Chief Executive Officer of Freddie Mac in December 2003, Mr. O'Malley resigned his position as Non-executive Chairman and became the Lead Director. Mr. O'Malley retired from Price Waterhouse LLP in 1995, where he was Chairman and Senior Partner from 1988 to 1995. He also was president of the Financial Accounting Foundation from 1990 to 1992. Mr. O'Malley also serves on the Boards of Directors of Horace Mann Educators Corporation and The Finance Company of Pennsylvania, where he is chair of their respective Audit Committees.
Total Compensation: $ —
Mr. Ross has been the Franco Modigliani Professor of Finance and Economics at the Massachusetts Institute of Technology since 1998 and has been, and continues to be, a consultant to a number of investment banks and major corporations. He also has been Chairman and Chief Executive Officer of Compensation Valuation, Inc., a company specializing in the valuation of complex option contracts and option valuation services, since April 2003; a member of the Advisory Council of Taconic Capital Partners LLC, an event-driven hedge fund, since January 2004; a director of IV Capital Ltd., a London-based investment company, since May 1998; and Chairman of the Investment Advisory Board of IV Capital since July 2004. Mr. Ross also was Co-Chairman of Roll and Ross Asset Management Corporation, an investment management company, from 1986 to July 2004. He previously was the Sterling Professor of Economics and Finance at Yale University from 1976 to 1998, and a Professor of Economics and Finance at the Wharton School of the University of Pennsylvania. Mr. Ross also is a member of the Board of Trustees of the California Institute of Technology.
Total Compensation: $ —
Mr. Turner has been Manager of Signature Capital, Inc., a venture capital investment firm, since he founded the company in April 1996. From 1992 to 1996, Mr. Turner provided management consulting services for notable leverage buy-out firms. From 1989 to 1992, he was Chairman and Chief Executive Officer of several Forstmann Little companies, F.L. Industries, F.L. Aerospace, Lear Siegler and Pullman, engaged in manufacturing products for the aerospace, electrical lighting and component, retail service systems, environmental control and selected military service markets. Prior to that, Mr. Turner served in a number of capacities for Automatic Data Processing, Inc., including Chief Operating Officer, President and a member of the Board of Directors.
Total Compensation: $ —
Mr. Goeltz was Vice Chairman, Chief Financial Officer and Member of the Office of the Chief Executive of American Express Company from 1996 to 2000. Prior to that, he was Group Chief Financial Officer and a member of the Board of NatWest Group from 1992 to 1996. Mr. Goeltz also held various finance positions at The Seagram Company Ltd., including Executive Vice President-Finance and Chief Financial Officer, and at Exxon Corporation. He is a director of Warnaco Group, Inc., where he is Chair of the Audit Committee and a member of the Nominating and Corporate Governance Committee; a director of the New Germany Fund; and a director of Aviva plc, where he is a member of the Audit Committee and a member of the Remuneration Committee. He also is a member of the Court of Governors and the Council of the London School of Economics and Political Science.
Total Compensation: $ —
Mr. Boisi is Chairman and Senior Partner of Roundtable Investment Partners LLC, an investment management firm. From 2000 to May 2002, Mr. Boisi was Vice Chairman of JP Morgan Chase, where he served as Co-Chief Executive Officer of JP Morgan, the firm's investment bank, and was a member of JP Morgan Chase's executive and management committees. From 1993 to 2000, he was the founding Chairman and Senior Partner of The Beacon Group, a merger and acquisition advisory and private investment firm. From 1971 to 1993, Mr. Boisi held various positions at Goldman Sachs & Company, including senior general partner, member of the firm's management committee and head of the investment banking business.
Total Compensation: $ —
Mr. Johnson retired in September 2004 as Chairman and Chief Executive Officer of GreenPoint Financial Corporation, a national specialty mortgage lender and New York consumer banking company, following the acquisition of GreenPoint Financial by North Fork Bancorporation, Inc., with whom Mr. Johnson remained employed in a non-management capacity until December 31, 2004. Mr. Johnson had held the offices of Chairman and Chief Executive Officer of GreenPoint since 1993. He also was President of GreenPoint through 1997. Prior to that, he served as President and a director of Chemical Bank and Chemical Banking Corporation and then of Manufacturers Hanover Trust Company and Manufacturers Hanover Corporation. Mr. Johnson also is a director of Alleghany Corporation, where he is a member of the Audit Committee; RR Donnelley & Sons, Inc.; the Phoenix Companies, where he is Chairman of the Audit Committee; and North Fork Bancorporation.
Total Compensation: $ 1.44 M
Ralph F. Boyd, Jr. was appointed Executive Vice President, Community Relations in February 2005. Prior to holding his current position, he served as our Executive Vice President, General Counsel and Corporate Secretary. Prior to joining us, Mr. Boyd was a senior partner with the law firm Alston & Bird LLP since August 2003 and was U.S. assistant attorney general and head of the Justice Department's Civil Rights Division from July 2001 through July 2003. From 1997 to 2001, Mr. Boyd was a trial partner with Goodwin Procter LLP, and before that, he served for six years as an Assistant U.S. Attorney in Boston. He also was an associate at the law firm of Ropes & Gray in Boston from 1987 to 1991.
Total Compensation: $ 5.25 M
Patricia L. Cook was appointed Executive Vice President, Investments, effective August 2, 2004. Prior to joining us, Ms. Cook was Managing Director and Chief Investment Officer, Global Fixed Income at JPMorgan Fleming Asset Management (""JP Morgan Fleming'') since May 2003. Prior to joining JP Morgan Fleming, she was Managing Director and Chief Investment Officer, Fixed Income at Prudential Investment Management. From June 1991 to July 2001, Ms. Cook was Managing Director at Fisher Francis Trees and Watts. Prior to that, she worked in various management positions at Salomon Brothers, Inc. from January 1979 to June 1991.
Total Compensation: $ —
With oversight of both Freddie Mac's Community Relations department and corporate foundation, Maxine B. Baker is responsible for leading the programs and activities of one of the nation's largest corporate philanthropy programs. Dedicated to strengthening communities and brightening the future for children, youth and their families, Baker directs the Freddie Mac Foundation in a comprehensive philanthropic partnership with Freddie Mac's corporate giving, employee volunteer program, and corporate leadership activities. During Baker's tenure, the Foundation's net assets have grown from $22 million in 1997 to $235 million in 2003. Moreover, in the past year, the corporation gave $51.4 million in total grants and contributions to its philanthropic programs, an increase of 272% from 1998. Her community-focused leadership was further demonstrated in development of last year's Helping Hands Emergency Fund, an additional $2 million donation to grantees experiencing financial difficulties in a tough economic climate. In total, the corporation and Foundation have donated a combined $217 million since 1991 to foster innovations that will improve the lives of children and families with specific emphasis on strengthening families, including preventing child abuse and neglect; foster care and adoption; and youth development. Moreover, leveraging Freddie Mac's commitment to exemplary corporate citizenship, Baker has skillfully developed significant national signature programs and local initiatives, including the expansion of the Foundation's Wednesday's Child adoption program to six prime national media markets and the development of the corporation's Hoops for the Homeless, an annual event that brings the Washington, D.C. region and Freddie Mac customers, community influentials, and employees together to raise community awareness and financial support for the area's homeless families. This year's addition of the Magic Johnson Foundation to the Hoops event adds significantly to the unprecedented coalition of corporations, media, and celebrities that will actively participate, even within the games themselves. Prior to leading Freddie Mac's philanthropic program, Baker has served in various leadership capacities since joining the corporation in 1982, including vice president of Administration & Corporate Properties, vice president of Human Resources, and vice president of Industry and Trade Relations, in which she expanded minority business development programs and minority recruitment, and oversaw the corporate-wide relocation into the current headquarters campus. Baker continues her commitment to the issues of importance and focus at the Foundation and Freddie Mac's community leadership through her active participation in these organizations serving as a Board member: the Congressional Coalition on Adoption Institute, as co-founder and chairperson of the Human Resources Committee; Washington Regional Area Grantmakers, as vice chair; Leadership Washington; the Community Foundation for the National Capital Region's Survivors' Fund Governance Board; the Metropolitan Washington Boys and Girls Club; the Washington Redskins Leadership Council; and Voices for America's Children. Baker, as well as the Foundation, is the recipient of many honors and awards, including the 2004 Excellence in Business Philanthropy Award - Washington Business Journal as #1 corporate philanthropist in the Washington metropolitan region in 2003; 2004 Excellence Award - National Center for Children & Families; 2004 Annual Award - Bethune-DuBois Institute, Inc.; the 2003 Champion for Children Award - Black Administrators in Child Welfare; 2003 Champion of Children - National Children's Alliance; 2003 Partners in Prevention Blue Ribbon Award - Prevent Child Abuse of Metropolitan Washington; 2003 Outstanding Corporate Foundation Award - Washington Association of Fundraising Professionals; 2003 Foundation of the Year Award - the Washington Metropolitan YMCA; and, 1999
Total Compensation: $ —
John V. Britti joined Freddie Mac as vice president of Community Lending in February 2004. In this position, Britti will manage all Community Lending's sales efforts, customer relationships, as well as the sales force and organization. Britti will report to Dave Stevens, Freddie Mac senior vice president of Single-Family Lending. Britti comes to Freddie Mac from Capital One Financial Corporation where he was vice president of Adjacent Lending Operations and Mortgages. While at Capital One, he re-launched its mortgage business and led operations for its Direct Bank, installment lending and new business integration. Prior to that, Britti held positions with several companies including serving as managing director for operations at TenX Capital Partners, being a founding partner of Potomac Ventures, CEO of Saferent and a senior engagement manager at McKinsey & Company. In addition, he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions. Britti holds an MBA from Dartmouth College and a Bachelor of Arts degree from the University of Maryland.
Total Compensation: $ —
Clarke Camper was named interim senior vice president of Freddie Mac's Government Relations and Public Policy division in March 2004. In this position, Camper is responsible for overseeing the corporation's legislative activities at the federal, state and local levels, as well as our relationship with the U.S. Department of Housing and Urban Development and other contacts within the executive branch. Camper joined Freddie Mac in 2000 as Freddie Mac's vice president of Congressional Relations. In this capacity, he headed Freddie Mac's relationships with all members of Congress and key staff. Before joining Freddie Mac, Camper worked as a lawyer/lobbyist at the law firm of Morrison & Foerster LLP. At the firm, he specialized in consumer lending and privacy issues, providing legal, legislative, and regulatory counsel to a broad array of financial services firms. He also served as a budget associate/legislative assistant to U.S. Representative Charles E. Schumer, where he concentrated on budget, housing, and transportation issues. During this time, Camper authored several major housing programs that were successfully enacted into law. Camper holds a law degree as well as a master's degree in public policy from Harvard University. He has an undergraduate degree in political science and public policy from Stanford University. He is on the board of directors of Jobs for America's Graduates. He lives in Washington, D.C. with his wife and their two sons.
Total Compensation: $ —
Daryl Hall has been Vice President of Multifamily Asset Management and Tax Credit Investments since December 1997. In this position, Hall is primarily responsible for managing and maintaining the credit quality standards of the $19 billion of debt and equity in the current multifamily portfolio. Hall has direct responsibility for management of four major functions performing loan servicing, problem loan resolution, portfolio management/market research and overseeing new investments in and management of Freddie Mac's $1.3 billion low-income housing tax credit portfolio. Hall was formerly director, Multifamily Asset Management, and had direct responsibility for the restructuring and disposition of more than 2,500 properties. Before joining Freddie Mac in 1991, Hall was senior vice president at Cititrust Bancorp. At Cititrust, Hall launched a new property management, construction, leasing and REO sales department. Hall, a CPA and licensed real estate broker, has an M.S. in Accounting and a B.A. in Marketing. Since the introduction of the Freddie Mac Program Plus network of multifamily loans originators and servicers in 1993, Freddie Mac has provided financing for over 30,000 multifamily properties totaling more than $75 billion. That volume represents more than two million rental units across the country, a large portion of which are affordable to people whose income levels are at or below area median income-including newly established households, single-parent households, large family households at lower salaries as well as other renters.
Total Compensation: $ —
Mark D. Hanson was named vice president of Mortgage Funding in December 1999. In this role, he manages Freddie Mac's funding purchases through securitization, including structured finance, marketing and modeling, and has oversight of the performance of Freddie Mac's Gold Participation Certificates (PCs). He is also responsible for Freddie Mac's relationships with institutional investors and securities information vendors, and developing and implementing new security products and services to meet customer needs. Hanson was previously a vice president at Lazard Asset Management, where he managed mortgage and asset-backed positions for institutional clients since 1997. Since 1986, Hanson has held a number of positions, including a research/sales position in Donaldson, Lufkin & Jenrette's Taxable Fixed-Income Division, a director of Research for Freddie Mac's Securities Sales & Trading Group, and a security analyst at Metropolitan Life Insurance Company's Mortgage Securities and Portfolio Strategies Departments. Hanson has a BS from Allegheny College and an MBA from the University of Rochester.
Total Compensation: $ —
Louise Herrle was named vice president and treasurer of Funding & Investments in November 2000. In this capacity, she is responsible for Freddie Mac's debt execution in the domestic and global markets, including the dollar and euro Reference programs, discount notes, callable debentures and non-dollar debt securities. In addition, she manages the execution function for futures, treasuries and swaps supporting Freddie Mac's interest rate risk management activity. Herrle is also responsible for preferred stock issuance and Freddie Mac's subordinated debt program. During her tenure, Freddie Mac has made significant innovative changes to its debt funding products and programs, including pioneering the development of 'Reference Notes®. Since 1999, Freddie Mac has earned several financial industry awards recognizing groundbreaking and exceptional financial transactions. Prior to joining Freddie Mac in July of 1999, Herrle's career spanned 20 years in financial management, concentrated in proprietary securities trading, investment portfolio management, risk management and Treasury. She came to Freddie Mac from the Federal Home Loan Bank of Pittsburgh where she was senior vice president and treasurer of the Bank. Herrle graduated magna cum laude with a B.S.B.A. in economics from Robert Morris College.
Total Compensation: $ —
Mitchell W. Kiffe was named vice president of Freddie Mac's Multifamily Loan Production Department in September, 1997. Kiffe is responsible for the marketing, originating, underwriting and purchase of multifamily loans nationwide. He also is responsible for maintaining the Seller/Servicer network. Freddie Mac's four Multifamily Regional Offices report to Kiffe. Kiffe joined Freddie Mac as the Director of Multifamily Underwriting in September, 1992. In that position he was responsible for transactional approval and pricing of multifamily loans, developing underwriting standards for multifamily loan purchases and developing new multifamily lending programs, policies and procedures nationwide. Freddie Mac's Multifamily Division is headquartered in McLean, Virginia. Before joining Freddie Mac, Kiffe was a senior vice president in the commercial mortgage banking division of GMAC Mortgage Corporation in Minneapolis, Minnesota. Prior to that, he was an assistant vice president at Norwest Mortgage, Inc. in Minneapolis, Minnesota. For five years prior to Norwest, Kiffe also worked in Minneapolis as an attorney specializing in commercial real estate for the law firm of Moss & Barnett, P.A. and the general contracting and engineering firm of Ibberson, Inc. Kiffe is an active member of the Mortgage Bankers Association, The National Multi-Housing Council, The American Senior Housing Association and a past member in the Minnesota Mortgage Bankers Association, the Minnesota Multihousing Association, the National Association of Industrial and Office Parks and the Minnesota Bar Association. Kiffe holds a J.D. de
