The Federal Housing Finance Agency (FHFA), in its role as conservator of Freddie Mac, has appointed 10 new directors to Freddie Mac’s board.
p{=margin-bottom: 0.2in}. Barbara Alexander, Linda Bammann, Carolyn Byrd, Robert Glauber, Laurence Hirsch, Christopher Lynch, Freddie Mac CEO David Moffett, Nicolas Retsinas, Eugene Shanks, Jr., and Anthony Williams will join non-executive chairman John Koskinen, who was appointed by the FHFA in September, on the 11-member board. Alexander, Glauber, and Retsinas were all previously on the board prior to the FHFA’s conservatorship of Freddie Mac.
p{=margin-bottom: 0.2in}. “I am delighted with our board members’ depth and breadth of experience, and I look forward to working with them,” Koskinen said. “They will provide leadership and expertise as Freddie Mac works to fulfill its important mission and bring stability, liquidity and affordability to the nation’s housing markets.”
p{=margin-bottom: 0.2in}. The 11-member board will have four committees: audit, compensation, nominating and governance, and business and risk, and the CEO will be the only corporate officer serving as a member. The board will be responsible for basic oversight of Freddie Mac’s operations, with certain actions requiring FHFA approval.
p{=margin-bottom: 0.2in}. - Barbara Alexander has been an independent consultant since 2004. Prior to that, 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. From 1987 to 1992, Alexander was a managing director in the corporate finance department of Salomon Brothers Inc. Prior to that, she held various positions at Salomon Brothers, Smith Barney, Investors Diversified Services, and Wachovia Bank and Trust Company. She is a member of the board of directors of Centex Corporation and Qualcomm Inc. She also is an executive fellow at the Joint Center for Housing Studies at Harvard University.
p{=margin-bottom: 0.2in}. - Linda Bammann was EVP, deputy chief risk officer for JPMorgan Chase & Co. from 2004 until her retirement in 2005. Bammann held several positions with Bank One Corporation beginning in 2000, including EVP and chief risk management officer from 2001 until its acquisition by JPMorgan Chase in 2004. Bammann was also a member of Bank One’s executive planning group. Prior to that time, 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.
p{=margin-bottom: 0.2in}. - Carolyn Byrd has served as chairman and CEO of GlobalTech Financial, LLC since 2000. Byrd was president of Coca-Cola Financial Corporation from 1997 to 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. Byrd is also a member of the board of trustees of Fisk University.
p{=margin-bottom: 0.2in}. - Robert 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, after first serving as its CEO and president and a member of its board. He has been a lecturer at the Kennedy School, undersecretary of the Treasury for finance, and a professor of finance at the Harvard Business School. Glauber also served as executive director of the task force appointed by President Reagan to report on the 1987 stock market break. 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, a trustee of the International Accounting Standards Committee Foundation, and lead director of XLCapital Ltd. Glauber has been a senior advisor at PeterJ. Solomon Co., an investment bank, since November 2006.
p{=margin-bottom: 0.2in}. - Laurence Hirsch has served as chairman of Highlander Partners, L.P., a private equity firm, since 2004. Hirsch served as CEO of homebuilder Centex Corporation from 1988 until his retirement in 2004, and as its chairman of the board from 1991 until March 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 Koskinen *has served as non-executive chairman of Freddie Mac since September 2008. Previously he was president of the United States Soccer Foundation for four years, deputy mayor and city administrator of Washington, D.C. from 2000 to 2003, assistant to the president and chair of the President’s Council on Year 2000 Conversion from 1998 to 2000, and deputy director for management of the Office of Management and Budget from 1994 to 1997. Prior to his government service, Koskinen worked as a senior executive of the Palmieri Company, including serving as president and CEO, participating in the restructuring of a range of large, troubled enterprises including the Penn Central, the Teamsters Pension Fund, Levitt and Sons, Inc., and Mutual Benefit. Koskinen also serves on the boards of the AES Corporation, American Capital, Ltd., and the non-profit D.C. Education Compact.
p{=margin-bottom: 0.2in}. - Christopher Lynch is an independent consultant and provides a variety of services to financial intermediaries, including risk management, strategy, governance, financial and regulatory reporting, and troubled-asset management. Prior to retiring from KPMG LLP in 2007, Lynch held a variety of positions with KPMG, including national partner in charge – financial services, the firm’s largest industry division. Lynch chaired KPMG’s Americas Financial Services Leadership team, was a member of the Global Financial Services Leadership, and the U.S. Industries Leadership teams, and led the Banking & Finance practice. Lynch also served as a partner in KPMG’s Department of Professional Practice and as a practice fellow at the Financial Accounting Standards Board. Mr. Lynch was the lead and audit signing partner for some of KPMG’s largest financial services clients.
p{=margin-bottom: 0.2in}. - David Moffett joined Freddie Mac as CEO in September 2008. Moffett retired as vice chairman and chief financial officer of U.S. Bancorp in 2007, having served the company in this capacity since 1993. Since his retirement, Moffett served as a senior advisor at The Carlyle Group. Prior to joining U.S. Bancorp, Moffett was a senior VP and assistant treasurer in corporate treasury at BankAmerica Corporation. Moffett joined BankAmerica in 1992 as a result of the merger with Los Angeles-based Security Pacific Corporation where he served as senior vice president and director of corporate treasury. Previously, Moffett was chairman of the Council of the Financial Services Roundtable, a financial services industry advisor of Standard & Poor’s Rating Service, a financial services industry advisor of Moody’s Rating Service, and a member of the CFO Roundtable, Bank Administration Institute. Moffett also is a director of eBay Inc.
p{=margin-bottom: 0.2in}. - Nicolas Retsinas has been director of Harvard University’s Joint Center for Housing Studies. He also is a lecturer in housing studies at the Graduate School of Design and the Kennedy School of Government, and is a lecturer in real estate at the Harvard Business School. Prior to Harvard, Retsinas served as assistant secretary for housing, federal housing commissioner, at the U.S. Department of Housing and Urban Development from 1993 to 1998, and as director of the Office of Thrift Supervision from 1996 to 1997. He served on the board of the FDIC from 1996 to 1997, the Federal Housing Finance Board from 1993 to 1998, and the Neighborhood Reinvestment Corporation from 1993 to 1998. He also serves 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.
p{=margin-bottom: 0.2in}. - Eugene 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. Currently, he is a trustee of Vanderbilt University, and also serves as a director of NewPower Holdings, Inc. and The Posse Foundation. From 2007 until 2008, Shanks served as the acting CEO of Trinsum, a strategic consulting and asset management company. From 1997 until its sale in 2002, Shanks served as president and CEO of NetRisk, Inc., a risk management software and advisory services company.
p{=margin-bottom: 0.2in}. - Anthony Williams has been the CEO of Primum Public Realty Trust since 2007. Primum, an indirect, wholly owned subsidiary of Friedman, Billings, Ramsey Group, provides financial solutions for government and not-for-profit organizations. Williams served as the mayor of Washington, D.C. from 1999 to 2007, and as its CFO from 1995 to 1998. Williams has also served as vice chair of the Metropolitan Washington Council of Governments and as president of the National League of Cities. Williams was the first CFO for the U.S. Department of Agriculture. Over the years, he also served as the deputy state comptroller of Connecticut, the executive director of the Community Development Agency in St. Louis, and the assistant director of the Boston Redevelopment Authority. He currently is a director of Meruelo Maddux Properties, Inc.