Freddie Mac Appoints James Whitlinger Chief Financial Officer
Freddie Mac (OTCQB: FMCC) has appointed James Whitlinger as executive vice president and chief financial officer (CFO), effective January 1, 2025.
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Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) has appointed James Whitlinger as executive vice president and chief financial officer (CFO), effective January 1, 2025. Whitlinger, who has been with the company for 10 years, previously served as senior vice president and Single-Family CFO since 2014. He has been serving as interim CFO since June 2024, following Christian Lown's departure.
Whitlinger brings over 30 years of financial management and accounting experience to the role. His previous positions include senior vice president at Univest Bank and Trust Co. and executive vice president and CFO at GMAC ResCap, Inc. The appointment represents internal promotion and continuity in Freddie Mac's financial leadership.
Positive
- Internal promotion ensures continuity and institutional knowledge retention
- Appointee brings 30+ years of industry experience
- 10-year company veteran with deep understanding of operations
- Seamless transition from interim to permanent CFO role
Negative
- None.
Details
News Market Reaction – FMCC
The recorded move for FMCC in the trading session of this news was +4.27%.
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Ten-year company veteran named EVP & CFO effective immediately
MCLEAN, Va., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the appointment of James Whitlinger as executive vice president and chief financial officer (CFO), effective January 1, 2025. Whitlinger previously served as the company’s senior vice president and Single-Family CFO since 2014. He has served as interim CFO since June of 2024, following the departure of Christian Lown, who served as CFO from June of 2020 to June 2024.
“It’s with great pleasure that we announce Jim Whitlinger as the company’s new chief financial officer,” said Diana Reid, Chief Executive Officer of Freddie Mac. “Jim is a proven leader with more than 30 years of financial management and accounting experience. As a 10-year veteran of Freddie Mac, he is well positioned to assume the CFO role and maintain the strength and continuity of our Finance functions.”
Whitlinger has worked in the real estate finance industry for more than three decades, most recently serving as senior vice president at Univest Bank and Trust Co. Prior to Univest, he served as executive vice president and CFO at GMAC ResCap, Inc.
“I am excited and humbled to be chosen as Freddie Mac’s next CFO,” said Whitlinger. “I thank Freddie Mac’s Board and the company’s outstanding senior leadership team for their confidence, and I look forward to leading the talented and hardworking individuals who make up our Finance Division,” said Whitlinger.
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: Chris Spina
703-388-7031
Christopher_Spina@FreddieMac.com
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