Freddie Mac's CEO Moffett Resigns

Freddie Mac CEO David Moffett has notified the company’s board of directors that he will resign both his position and his seat on the board effective March 13, MarketWatch reports. The board is working with the Federal Housing Finance Agency to appoint a successor. "We expect to name an interim CEO before March 13 to assume David's responsibilities once he leaves," Freddie Mac’s chairman said.
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