Leadership Structure Changes for Both GSEs As CEOs Plan Departure
September 14, 2018
Freddie Mac CEO Donald Layton will retire in the second half of next year, the GSE announced last week. This comes six weeks after Fannie CEO Timothy Mayopoulos announced his departure from the GSE. While Layton plans to be around through midyear 2019, Mayopoulos plans to leave his post before 2018 ends. This leaves both GSEs looking for replacements. Freddie’s board has started its succession plan to consider internal and external candidates. The GSE named David Brickman, executive vice president and head of Freddie’s multifamily business as a possibility.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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