Freddie Mac Names Industry Leader Diana Reid CEO
Freddie Mac (OTCQB: FMCC) has appointed Diana Reid as its new CEO, effective immediately. Reid, a veteran with over 40 years of experience in banking, real estate, capital markets, and affordable housing, will also join the company's Board of Directors. She replaces Interim CEO Michael Hutchins, who will continue as president. Reid's extensive background includes nearly 12 years leading PNC Financial Services Group's real estate business division and founding Beekman Advisors. The appointment comes after a comprehensive search by Freddie Mac's Board, with Board Chair Lance Drummond expressing confidence in Reid's ability to further the company's mission-driven work in housing finance.
Freddie Mac (OTCQB: FMCC) ha nominato Diana Reid come nuovo CEO, con effetto immediato. Reid, una veterana con oltre 40 anni di esperienza in banking, immobili, mercati dei capitali e abitazioni accessibili, si unirà anche al Consiglio di Amministrazione dell'azienda. Sostituisce il CEO ad interim Michael Hutchins, che continuerà come presidente. Il vasto background di Reid include quasi 12 anni alla guida della divisione immobiliare di PNC Financial Services Group e la fondazione di Beekman Advisors. La nomina arriva dopo una ricerca approfondita da parte del Consiglio di Freddie Mac, con il presidente del Consiglio Lance Drummond che esprime fiducia nella capacità di Reid di proseguire il lavoro orientato alla missione dell'azienda nel finanziamento abitativo.
Freddie Mac (OTCQB: FMCC) ha nombrado a Diana Reid como su nueva CEO, con efecto inmediato. Reid, una veterana con más de 40 años de experiencia en banca, bienes raíces, mercados de capitales y vivienda asequible, se unirá también a la Junta Directiva de la empresa. Ella reemplaza al CEO interino Michael Hutchins, quien continuará como presidente. El amplio historial de Reid incluye casi 12 años liderando la división de bienes raíces del PNC Financial Services Group y fundando Beekman Advisors. La designación se produce después de una búsqueda exhaustiva por parte de la Junta de Freddie Mac, con el presidente de la Junta, Lance Drummond, expresando confianza en la capacidad de Reid para avanzar en el trabajo de la empresa enfocado en la misión de financiamiento de vivienda.
프레디 맥 (OTCQB: FMCC)가 디애나 리드를 새로운 CEO로 즉시 임명했습니다. 리드는 은행, 부동산, 자본 시장 및 저렴한 주택 분야에서 40년 이상의 경력을 가진 베테랑입니다. 그녀는 회사의 이사회의 일원으로도 활동하게 됩니다. 리드는 임시 CEO인 마이클 허친스를 대체하며, 그는 계속해서 사장직을 유지할 것입니다. 리드는 PNC 금융 서비스 그룹의 부동산 사업부를 12년 가까이 이끌었고, Beekman Advisors를 설립한 경력이 있습니다. 이번 임명은 프레디 맥 이사회에서의 포괄적인 검색 후 이루어졌으며, 이사회 의장인 랜스 드러먼드는 리드가 주택 금융에서 회사의 사명 지향적인 작업을 더욱 발전시킬 수 있다는 확신을 표현했습니다.
Freddie Mac (OTCQB: FMCC) a nommé Diana Reid comme nouvelle directrice générale, avec effet immédiat. Reid, une vétérane avec plus de 40 ans d'expérience dans les domaines de la banque, de l'immobilier, des marchés de capitaux et du logement abordable, rejoindra également le conseil d'administration de l'entreprise. Elle remplace le CEO par intérim Michael Hutchins, qui continuera en tant que président. Le parcours professionnel de Reid inclut près de 12 ans à la tête de la division immobilière de PNC Financial Services Group et la fondation de Beekman Advisors. La nomination survient après une recherche approfondie menée par le conseil d'administration de Freddie Mac, le président du conseil, Lance Drummond, exprimant sa confiance dans la capacité de Reid à faire avancer le travail axé sur la mission de l'entreprise dans le domaine du financement du logement.
Freddie Mac (OTCQB: FMCC) hat Diana Reid als neue CEO ernannt, die sofort in Kraft tritt. Reid, eine Veteranin mit über 40 Jahren Erfahrung in den Bereichen Banking, Immobilien, Kapitalmärkte und bezahlbare Wohnungen, wird auch in den Vorstand des Unternehmens eintreten. Sie ersetzt den interimistischen CEO Michael Hutchins, der weiterhin als Präsident tätig sein wird. Reids umfassender Hintergrund umfasst nahezu 12 Jahre an der Spitze der Immobiliengeschäftssparte der PNC Financial Services Group und die Gründung von Beekman Advisors. Die Ernennung erfolgt nach einer umfassenden Suche des Vorstands von Freddie Mac, wobei der Vorsitzende Lance Drummond Vertrauen in Reids Fähigkeit ausdrückt, die missionarischen Aktivitäten des Unternehmens im Bereich Wohnungsfinanzierung weiter voranzutreiben.
- Appointment of experienced industry veteran Diana Reid as CEO
- Reid brings over 40 years of relevant experience in banking, real estate, and affordable housing
- Continuity in leadership with Michael Hutchins remaining as president
- None.
Transition to take place immediately
MCLEAN, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company’s chief executive officer (CEO), effective immediately. Ms. Reid also will serve as a member of Freddie Mac’s Board of Directors. President and Interim CEO Michael Hutchins will continue as the company’s president.
Ms. Reid brings more than four decades of banking, real estate, capital markets and affordable housing experience to Freddie Mac, most recently serving as an independent director and advisor to several organizations. She spent nearly 12 years leading PNC Financial Services Group, Inc.’s real estate business division through the financial crisis and on to a period of significant growth.
“I am pleased to announce that Freddie Mac’s Board of Directors concluded its comprehensive search and selected Diana Reid as the company’s next CEO,” said Lance Drummond, non-executive chair of Freddie Mac’s Board of Directors. “Diana’s proven track record and vast experience in housing finance, real estate and capital markets make her an excellent choice to further Freddie Mac’s mission-driven work. I have the utmost confidence that she is the right person to take Freddie Mac into the future.”
Drummond added, “On behalf of the Board, I thank Mike Hutchins for his leadership as interim CEO, which provided necessary stability and continuity for Freddie Mac’s important work. We are delighted to benefit from his continued leadership as the company’s president.”
Prior to her executive role at PNC, Ms. Reid founded Beekman Advisors, where she provided real estate finance company owners, CEOs and boards strategic advice and M&A execution. She spent nearly 20 years at the investment bank formerly known as Credit Suisse First Boston in Mortgage Trading, Debt Capital Markets, and Financial Institutions Advisory.
“It is an honor to join Freddie Mac and lead the company as it carries out its vital role in the housing finance market,” said Diana Reid. “I look forward to working with the Board, management and my colleagues at Freddie Mac to continue and expand the company’s contributions in providing liquidity, stability and affordability for housing in communities across the country, and to ensure the company’s safety and soundness for the next generation.”
Diana Reid is a member of the board of directors of Welltower, Inc. (NYSE: WELL), the advisory board of Pittsburgh Opera, and a founding board member of The Denyce Graves Foundation. She earned her Bachelor of Science degree from California State University and her Masters of Business Administration degree from University of Virginia’s Darden School of Business.
About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Christopher Spina
703-388-7031
Christopher_Spina@FreddieMac.com
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