Diana Reid has been appointed as the new CEO of Freddie Mac, bringing over 40 years of expertise from the banking and real estate sectors, aiming to enhance the GSE's contributions to housing liquidity and affordability.
Reid expressed her commitment to working collaboratively with Freddie Mac's Board and management, emphasizing the importance of ensuring safety and soundness for the next generation while expanding the company's contributions to housing.
Lance Drummond, the chair of Freddie Mac's board, highlighted Reid's proven track record in housing finance and her extensive experience as key factors in her selection as CEO, expressing confidence in her ability to lead the company forward.
Reid's background includes creating Beekman Advisors and significant roles at PNC and Credit Suisse First Boston, which equipped her with the necessary skills and insights to navigate Freddie Mac's mission and future challenges.
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