Freddie Mac 2014 Annual Report Download - page 250

245 Freddie Mac
• Donald H. Layton joined the Board in May 2012, upon commencement of his employment as Chief Executive Officer.
He is 64 years old. He is an experienced financial institution executive and leader of finance and investment
organizations. Mr. Layton’s experience enables him to provide valuable business and operating perspectives to the
Board.
Prior to joining Freddie Mac, Mr. Layton worked for nearly 30 years at JPMorgan Chase and its predecessors, starting
as a trainee and rising to vice chairman and a member of the company’s three-person Office of the Chairman, retiring
in 2004. In his career at JPMorgan Chase, Mr. Layton’s responsibilities spanned capital markets and investment
banking, consumer banking and operating services. From 2002 to 2004, he was responsible for the company’s Chase
Financial Services unit, which included the fourth largest mortgage firm in the U.S. He was co-chief executive officer
of J.P. Morgan, the investment bank of JPMorgan Chase, overseeing the entire range of the investment bank’s global
activities, from 2000 to 2002. Prior to the merger of Chase Manhattan and J.P. Morgan in 2000, Mr. Layton was
responsible for Chase’s worldwide capital markets and trading activities, including foreign exchange, risk
management products, emerging markets, and fixed income, as well as its operating services businesses. He also
supervised the bank’s investment portfolio for many years. More recently, Mr. Layton served as chairman and chief
executive officer of online brokerage E*TRADE Financial Corporation. He joined E*TRADE Financial Corporation
as chairman in November 2007 and became chief executive officer in March 2008, retiring in December 2009.
Mr. Layton also served as a senior advisor to the Securities Industry and Financial Markets Association from 2006 to
2008 and is chairman of the board of the Partnership for the Homeless, a nonprofit dedicated to reducing homelessness
in New York City. Mr. Layton was a member of the board of directors of Assured Guaranty Ltd. from May 2006 to
May 2012 and a member of the board of directors of American International Group, Inc. from April 2010 to May
2012.
• Christopher S. Lynch joined the Board in December 2008. He is 57 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.
Mr. Lynch has served as Non-Executive Chairman of Freddie Mac since December 2011. Mr. Lynch is an independent
consultant providing a variety of services to financial intermediaries, including corporate restructuring, risk
management, strategy, governance, financial and regulatory reporting and troubled-asset management. Mr. Lynch
retired from KPMG LLP in May 2007, where he held a variety of leadership positions, 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 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. In addition, Mr. Lynch serves on the National Audit
Committee Chair Advisory Council of the National Association of Corporate Directors. Mr. Lynch is a frequent
speaker on matters pertaining to corporate governance, risk management, corporate restructuring, executive
development, housing finance, and regulatory reporting.
• Sara Mathew joined the Board in December 2013. She is 59 years old. She is an executive with global financial and
general management experience. Ms. Mathew’s extensive business, financial and management experience, and her
public company board and audit committee experience, enable her to contribute to the Board’s oversight of the
management and operation of the Company and of its financial reporting.
From 2001 until December 2013, Ms. Mathew worked at The Dun & Bradstreet Corporation ("D&B"), serving as
Chairman, President and Chief Executive Officer from 2010-2013. In 2007, she was appointed President and Chief
Operating Officer, in January 2010, Chief Executive Officer and in July 2010, Chairman. Before joining D&B, Ms.
Mathew spent 18 years at The Procter & Gamble Company in a variety of finance and management positions: her last
position was Vice President, Finance, Australia, Asia and India from 2000 - 2001. Since 2005, Ms. Mathew has been a
director of Campbell Soup Company, Inc., a manufacturer and marketer of branded convenience food products, where
she is chair of the Audit Committee and a member of the Governance Committee. Since 2013, Ms. Mathew also has
served as a director of Avon, a leading global beauty company, where she is a member of the Finance Committee. Ms.
Mathew served as a director of D&B from 2008-2013. Since 2012, Ms. Mathew has been on the International
Advisory Council for Zurich Financial Services Group, a multi-line insurance provider.
• Saiyid T. Naqvi joined the Board in August 2013. He is 65 years old. He is a seasoned financial executive with
proven leadership experience and detailed knowledge of mortgage and consumer financial operations, as well as a
deep background in risk and operational management.
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