Succession will take place July 1, upon Layton’s retirement MCLEAN, Va. , March 21, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC), announced today that Donald H. Layton will retire as Chief Executive Officer (CEO) and that the Board of Directors has appointed David M.
Source: freddiemac.gcs-web.com
The Federal Home Loan Mortgage Corporation or Freddie Mac (OTCQB: FMCC) appointed David M. Brickman as Chief Executive Officer to replace Donald H. Layton, effective July 1, 2019. Mr. Brickman will also join the company‘s Board of Directors. Earlier in September, he was promoted to President and now taking over as the fourth CEO of FMCC since the financial crisis. Freddie Mac was established by Congress in 1970, and is involved in providing mortgage capital to lenders.
