Freddie Mac CEO Michael DeVito departs; President Michael Hutchins named interim CEO

FEDERAL HOME LOAN MORTGAGE CORP

Michael J. DeVito stepped down as CEO effective March 15, 2024.
President Michael T. Hutchins appointed interim CEO starting March 16 and will join the Board.
Hutchins will serve until a permanent CEO is named or September 30, 2024.
Board continues search for a permanent CEO; Hutchins retains oversight of key divisions.
Hutchins has been President since 2020 and previously led Investments & Capital Markets at Freddie Mac.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael J. DeVito

Chief Executive Officer

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-03-15
Successor: Michael T. Hutchins
Filed: March 15, 2024, 7:59 PM ET

Following the departure of Michael J. DeVito as Freddie Mac’s Chief Executive Officer (CEO) effective March 15, 2024

Role change (interim)

Michael T. Hutchins

Interim Chief Executive Officer

FMCC · FEDERAL HOME LOAN MORTGAGE CORP

Effective: 2024-03-16
Filed: March 15, 2024, 7:59 PM ET

President Michael T. Hutchins has been appointed to the additional role of interim CEO of the company effective March 16, 2024 and will become a member of Freddie Mac’s Board of Directors on that date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. DeVito departed as Chief Executive Officer at FEDERAL HOME LOAN MORTGAGE CORP.

Action: departed
Role: Chief Executive Officer

Exact text from the filing

Following the departure of Michael J. DeVito as Freddie Mac’s Chief Executive Officer (CEO) effective March 15, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael T. Hutchins was appointed as Interim Chief Executive Officer at FEDERAL HOME LOAN MORTGAGE CORP.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

President Michael T. Hutchins has been appointed to the additional role of interim CEO of the company effective March 16, 2024 and will become a member of Freddie Mac’s Board of Directors on that date.

View on SEC.gov

FEDERAL HOME LOAN MORTGAGE CORP filing history →

Source: SEC EDGAR

accession 0001026214-24-000031

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.