Jane E. Prokop Joins Freddie Mac’s Board of Directors
Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) has announced the appointment of Jane E. Prokop, Ph.D. to its Board of Directors, effective January 2, 2025. Prokop, currently serving as Executive Vice President and Global Head of Small and Medium Enterprises at Mastercard, brings nearly three decades of experience in financial services, specializing in fintech, product development, and business financing.
Her extensive career includes leadership roles at notable companies, including CEO of Principis Capital, Chief Strategy Officer at Northern Leasing Systems, and executive positions at MortgageIT. Prokop holds a Ph.D. from Harvard University and a B.A. from Boston University. Board Chair Lance Drummond highlighted her strategic insights and financial technology expertise as valuable additions to support Freddie Mac's mission of promoting housing market liquidity, stability, affordability, and equity.
Positive
- Addition of board member with 30 years of financial services experience
- Expertise in fintech and product development brings technological perspective
- Strong educational background with Harvard Ph.D.
- Extensive leadership experience in mortgage banking and financial services
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FMCC gained 12.27%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MCLEAN, Va., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the election of Jane E. Prokop, Ph.D. to its Board of Directors, which was effective on January 2, 2025. Ms. Prokop has spent nearly three decades in the financial services sector, working in areas such as fintech, product development and business financing. She is currently Executive Vice President and Global Head of Small and Medium Enterprises at Mastercard Incorporated, where she drives innovation, strategy and product development to serve businesses worldwide.
“Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac’s mission,” said Lance Drummond, Chair of Freddie Mac’s Board of Directors. “We welcome her to Freddie Mac’s Board of Directors and look forward to benefitting from her unique perspective.”
Ms. Prokop joined Mastercard in 2021 from Principis Capital, a privately held specialty finance company serving small businesses in the United States and Canada, where she had served as Chief Executive Officer since 2009.
Prior to joining Principis, Ms. Prokop was Chief Strategy Officer for Northern Leasing Systems from 2007 to 2009. She was Executive Vice President of Strategy and Planning at residential mortgage banking company MortgageIT from 2004 until 2007 and President of MortgageIT’s Home Closer LLC division from 2002 to 2004. From 1999 to 2002, Ms. Prokop was Executive Vice President of Corporate Development at Digital Convergence Corp., and she was an Investment Officer at AIG-Brunswick Capital Management from 1996 to 1999.
Ms. Prokop holds a Ph.D. from Harvard University and a B.A. from Boston University.
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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