|
|
22 Apr 2009
By Andrew Sawers
Freddie Mac's acting chief financial officer David Kellerman, age 41, has been found dead at his home in Virginia. Reports quote police sources saying there are no suspicious circumstances. The Washington Post describes his death as an apparent suicide.
Kellerman was promoted from controller and principal accounting officer to the role of acting CFO at the beleaguered federal mortgage group in September after his predecessor, Anthony Piszel was fired without compensation. Kellerman had been with Freddie Mac for 16 years. He was the group's fifth CFO in little more than eight years.
Interim CEO John Koskinen paid tribute to Kellerman, citing his " extraordinary work ethic and integrity". Pricing of an issue of five-year notes that was supposed to have taken place today was postponed for at least one day. The share price fell 8% today to 79 cents, making a 97% fall over the course of the last year.
See: Taking stocks: Finance chiefs have a lot to answer for
advertisement
Have similiar articles delivered to your email box
Our experts provide practical solutions to a number of challenges associated with successful cash management
This webinar assesses methods to ensure you have the internal processes fine tuned to monitor compliance with published standards in corporate and financial governance
advertisement
Email Newsletters
Email Newsletters
Please enter your email below to receive your profile link
advertisement
Search by job title, salary, or location - we only list senior financial roles
The Financial Director Summit 2012 will provide a unique platform in which to share, compare and contrast experiences whilst learning and networking with peers
Our experts provide practical solutions to a number of challenges associated with successful cash management
This paper delves into the many benefits that can be obtained by automating the supplier statement process
UNIT4 works with a huge variety of different organisations across several sectors, and this guide has been built on its experiences and knowledge.These tips will provide you with the tools you need to improve
David Cameron’s veto of the EU Treaty has been hailed as protecting UK business, but will frosty relationships with the EU harm trade, asks Neil Hodge...
