Freddie Mac (OTCQB: FMCC) announced the appointment of Lance Drummond as chairman of its board of directors. He will succeed Sara Mathew, who will retire from the board next February.as Board chair and as a Director in February 2024, as required by the company’s bylaws.
Drummond joined the Freddie Mac board in 2015, and currently serves as chairman of its Compensation and Human Capital Committee. He also serves as a member of the Executive, Audit and Operations and Technology Committees. Drummond retired as executive vice president of operations and technology of TD Canada Trust in 2014. Prior to joining TD, he was executive vice president of human resources and shared services at Fiserv Inc. from 2009 to 2011.
“Lance and I have worked side-by-side on Freddie Mac’s board for a number of years, and his deep knowledge of the company, understanding of its employees and dedication to the company’s mission make him an outstanding choice to serve as the next board chair,” said Mathew. “I look forward to working closely with Lance for the remainder of my term and I wish him – and Freddie Mac – nothing but the best as the company continues serving its critically important role in the mortgage market.”
