Freddie Mac CEO To Quit

Charles Haldeman, CEO of one of the biggest U.S. buyers of home mortgages Freddie Mac, will be leaving next year.

Charles Haldeman, CEO of one of the biggest U.S. buyers of home mortgages Freddie Mac, will be leaving next year, The Wall Street Journal reports. The company will be losing its CEO for the second time since its 2008 takeover by the U.S. government.

Haldeman joined just over two years ago as CEO after David Moffett quit Freddie Mac within six months over regulatory say in its working. John Koskinen will retire as chairman and Robert Glauber as member of the board in February. Christopher Lynch, a retired KPMG executive and board member since 2008, has been named the new chairman.

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