Freddie Mac 2010 Annual Report Download - page 295

• John A. Koskinen joined the Board in September 2008. He is 71 years old. He brings over thirty-five years of
executive, board and government experience to the Board. He has managed a wide range of companies and divisions
engaged in a variety of activities including mortgage securitization and investment, real estate development and
management, hotel and resort operations, home building, and insurance. Mr. Koskinen’s broad-based public and
private sector experience provides leadership and operating experience to the Board. His business restructuring
experience enables him to provide valuable guidance to the Board regarding the management of our business
operations while in conservatorship.
Mr. Koskinen was initially appointed as Non-Executive Chairman of Freddie Mac in September 2008 and served in
that role for all of 2010. Previously, Mr. Koskinen was President of the United States Soccer Foundation for four
years, deputy mayor and city administrator of Washington, D.C. from 2000 to 2003, assistant to the president and
chair of the President’s Council on Year 2000 Conversion from 1998 to 2000, and deputy director for management of
the Office of Management and Budget from 1994 to 1997. Prior to his government service, Mr. Koskinen worked as a
senior executive of The Palmieri Company, including serving as President and Chief Executive Officer, participating in
the restructuring of a range of large, troubled enterprises including Penn Central, the Teamsters Pension Fund, Levitt
and Sons, Inc. and Mutual Benefit. Mr. Koskinen also is a director of The AES Corporation, where he is a member of
the Financial Audit Committee, the Compensation Committee, and the Technology Advisory Council, and American
Capital, Ltd., where he is a member of the Audit and Compliance Committee.
• Christopher S. Lynch joined the Board in December 2008. He is 53 years old. He is an experienced senior accounting
executive who served as the lead audit signing partner and account executive for several large financial institutions
with mortgage lending businesses. He also has significant public company audit committee experience and risk
management experience. Mr. Lynch’s extensive experience in finance, accounting and risk management enables him to
provide valuable guidance to the Board on complex accounting and risk management issues, including in his role as
chairman of our audit committee.
Mr. Lynch is an independent consultant providing a variety of services to financial intermediaries, including risk
management, strategy, governance, financial and regulatory reporting and troubled-asset management. Prior to retiring
from KPMG LLP in May 2007, Mr. Lynch held a variety of leadership positions at KPMG, including National Partner
in Charge — Financial Services, the U.S. firm’s largest industry division. Mr. Lynch chaired KPMG’s Americas
Financial Services Leadership team, was a member of the Global Financial Services Leadership and the
U.S. Industries Leadership teams and led the Banking & Finance practice. Mr. Lynch also served as a partner in
KPMG’s Department of Professional Practice and as a Practice Fellow at the Financial Accounting Standards Board.
Mr. Lynch was the lead and audit signing partner for some of KPMG’s largest financial services clients. Mr. Lynch
also is a director of American International Group, Inc., where he is the Chair of the Audit Committee and a member
of the Finance and Risk Management Committee.
• Nicolas P. Retsinas joined the Board in 2007. He is 64 years old. He is an experienced leader in the governmental and
educational sectors, with in-depth knowledge of the mortgage lending and real estate industries. He also has
represented consumer and community interests and has demonstrated a career commitment to the provision of housing
for low-income households. Mr. Retsinas’ public, private and academic experience, including his service on the boards
of several not-for-profit organizations, enables him to bring to the Board broad knowledge and understanding of
housing and consumer and community issues.
Mr. Retsinas is a senior lecturer in Real Estate at the Harvard Business School and is Director Emeritus of Harvard
University’s Joint Center for Housing Studies, where he served as Director from 1998 to 2010. He is also a lecturer in
Housing Studies at the Graduate School of Design. Prior to his Harvard appointment, Mr. Retsinas served as Assistant
Secretary for Housing — Federal Housing Commissioner at the United States Department of Housing and Urban
Development from 1993 to 1998 and as Director of the Office of Thrift Supervision from 1996 to 1997. He served on
the Board of the Federal Deposit Insurance Corporation from 1996 to 1997, the Federal Housing Finance Board from
1993 to 1998 and the Neighborhood Reinvestment Corporation from 1993 to 1998. Mr. Retsinas serves on the Board
of Trustees for the National Housing Endowment and for Enterprise Community Partners and on the Board of
Directors of the Center for Responsible Lending.
• Clayton S. Rose joined the Board in October 2010. He is 52 years old. He is a finance executive with leadership
experience in finance and investment organizations and with academic experience focused on financial services and
managerial ethics. Mr. Rose’s leadership, operating and academic experience enables him to provide the Board with
valuable guidance regarding business execution, corporate finance and capital markets.
Mr. Rose is Professor of Management Practice at the Harvard Business School, and has been a member of its faculty
since July 2007. He was awarded a PhD in sociology (with distinction) from the University of Pennsylvania in the
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