Freddie Mac Acting CFO Dead, Early Reports Claim It Was Suicide
- Apr 22, 2009
McLean, Va.–David Kellermann (pictured), acting chief financial officer and senior vice president of Freddie Mac, was found dead in his home in Reston, Va. early this morning. He was 41 years old. The Fairfax County, Va. police department said it was about 4:48 a.m. local time when his death was discovered and that there were no signs of foul play. Police officer Shelley Broderick said early reports from others in the department indicated Kellermann’s wife reported a suicide, though the cause of death hasn’t been determined.The two mortgage-finance companies, McLean, Virginia-based Freddie Mac and Washington D.C.-based Fannie Mae, were seized last September by U.S. regulators and were under investigation since then.Kellermann stepped into the role of chief financial officer in September 2008, after Anthony “Buddy” Piszel resigned after the government takeover. He joined Freddie in 1992 and was controller up until he stepped into this role. As controller, Kellermann was the principal accounting officer, dealing with financial statements and disclosures, according to Freddie’s Web site.CEO David Moffett left Freddie Mac last month after six months on the job and John Koskinen, who had been chairman, stepped in as the interim CEO.“The Freddie Mac family is truly saddened by the news this morning of David Kellermann’s death. We extend our deepest condolences to David’s family and loved ones for this terrible personal tragedy,” Koskinen said in a statement released this morning.“Kellermann was a man of great talents. He dedicated those talents to Freddie Mac for more than 16 years, serving in many business and finance capacities before recently taking the reins as acting chief financial officer. His extraordinary work ethic and integrity inspired all who worked with him,” he said.“He will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit. Kellermann was a friend to many in the Freddie Mac family, and we mourn his passing,” Koskinen added.