Freddie Mac Replaces President, CEO

Vadum, Matthew
June 2003
Bond Buyer;6/10/2003, Vol. 344 Issue 31653, p2
Trade Publication
Freddie Mac, a major purchaser of state and local housing bonds announced on June 9, 2003 that it has dismissed David Glenn, its president and chief operating officer (COO). Leaving voluntarily the same day were Leland C. Brendsel as chairman and chief executive officer (CEO), who retired, and Vaughn Clarke as executive vice president and chief financial officer (CFO), who resigned. Executive Gregory J. Parseghian was promoted to the posts of CEO and president, and executive Paul T. Peterson was made COO. Executive Martin F. Baumann was named as CFO, and board member Shaun F. O' Malley was appointed as non-executive chairman of the board.


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