General World News

Freddie Mac CFO to resign at the end of June

Freddie Mac’s chief financial officer, Christian Lown, notified the company of his intention to resign at the end of this month.

The government-sponsored enterprise (GSE) will “begin the process of identifying a successor,” Freddie Mac said in an 8-K filing with the Securities and Exchange Commission (SEC) on Friday. Lown’s resignation, was was announced on June 5, takes effect June 28.

A spokesperson for Freddie Mac said the enterprise will release updates as they become available but did not provide further details, including the reason for the resignation.

Lown joined the GSE in June 2020 details ⇒

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