Overview
- Effective December 17, Kenny M. Smith becomes chief executive officer and joins Freddie Mac’s board of directors.
- Michael Hutchins continues as president after serving as interim CEO since March 2025.
- Smith brings nearly four decades of financial-services experience, including 27 years at Deloitte as vice chairman and U.S. financial services industry leader, and he is a certified public accountant.
- The appointment follows a year of executive churn that included the March ouster of Diana Reid, who had succeeded retiring CEO Michael DeVito.
- FHFA director Bill Pulte chairs the boards at Freddie Mac and Fannie Mae and is the subject of a developing GAO inquiry into allegations he made about public officials.