Freddie Mac 2005 Annual Report Download - page 13

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our regulatory and financial reporting commitments. We’re taking every step necessary to
get this done and to do it right. And we will not rest until the job is complete.
We have continued to build a strong management team by filling key senior positions.
Since our 2004 Annual Report, for example, we’ve brought in Tim Bitsberger, a widely
respected former Treasury Department official and Wall Street veteran, as Treasurer; Paul
Mullings, a customer-oriented mortgage industry executive from JP Morgan Chase, as
Senior Vice President for Single Family Mortgage Sourcing; Anurag Saksena, a seasoned
risk management professional from GMAC, to be our new Chief Enterprise Risk Officer; and
Bob Bostrom, a recognized expert on corporate governance and
financial institutions compliance matters, as General Counsel.
We’ve made progress in adapting the company culture to a
more competitive market environment that requires us to be
agile, aggressive and responsive. And we’ve strengthened our
corporate governance.
This is a company doing good things — and Business Ethics
magazine agrees. It named Freddie Mac to its 2006 list of “Top 100 Corporate Citizens” for
best practices in the area of corporate social responsibility.
Today, we have the right team, the right plan and a strong, well-capitalized franchise that’s
focused on serving our vital housing mission and generating value for shareholders.
Continuing transformation today, to generate new growth and new opportunities tomorrow.
That’s our aim and our vision. That’s Freddie Mac. n
Freddie Mac’s
transformation into
an even stronger
franchise begins at
its headquarters in
McLean, Virginia.
Freddie Mac has
continued to grow
its share of the GSE
securitization market.
2005
2003 2004
41%
45%
37%