Koskinen Will Step in as Interim CEO of Freddie Mac Following Moffet’s Departure

By Anuradha Kher, Online News EditorMcLean, Va.–Freddie Mac’s board of directors has named John A. Koskinen (pictured) as the company’s interim CEO and Robert R. Glauber as its interim non-executive chairman. Both appointments will be effective upon the resignation of current CEO David M. Moffett, who is resigning from his position as CEO and member of the board this week.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. Koskinen has also worked in the private sector in various capacities. He also serves on the boards of The AES Corporation, American Capital Ltd., and the non-profit D.C. Education Compact.Glauber initially joined the Freddie Mac board of directors in 2006. He 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 from 2001 to 2006, after first serving as its CEO and president and a member of its board. Meanwhile, Freddie Mac’s board of directors is working with the company’s conservator, the Federal Housing Finance Agency (FHFA), to appoint a permanent chief executive officer. Following this appointment, the board of directors says Koskinen will return to the position of non-executive chairman