logo
logo

Freddie Mac Appoints Michael T. Hutchins As Interim Chief Executive Officer

Mar 15, 2024over 1 year ago

Position

President

Company

Freddie Mac

Michael T. Hutchins
McleanLendingFinanceFinancial Services

Description

Freddie Mac appoints President Michael T Hutchins to the additional role of Interim Chief Executive Officer (CEO) as the company continues its search for a permanent CEO. Hutchins, a proven leader with a deep understanding of Freddie Mac, will take on the role of Interim CEO and Board member effective March 16, following the departure of CEO Michael J DeVito on March 15.

Company Information

Company

Freddie Mac

Location

Mclean, Virginia, United States

About

Freddie Mac is serving America’s homebuyers, homeowners and renters by financing the creation and preservation of more affordable homeownership and rental opportunities, providing liquidity, stability and affordability to the housing market. We are Making Home Possible for families across the nation.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months