Freddie Mac 2011 Annual Report Download - page 328

The following is a brief discussion of: the age and length of Board service of each director; each director’s
experience, qualifications, attributes, and/or skills that led to his or her selection as a director; and other biographical
information about our directors, as of March 6, 2012:
• Linda B. Bammann joined the Board in December 2008. She is 55 years old. She is an experienced finance
executive with in-depth knowledge of risk management gained from her previous employment and board
memberships. Ms. Bammann’s risk management experience enables her to contribute significantly to the Board’s
oversight of our enterprise risk management.
Ms. Bammann was Executive Vice President, Deputy Chief Risk Officer for JPMorgan Chase & Co. from July
2004 until her retirement in January 2005. Prior to that, Ms. Bammann held several positions with Bank One
Corporation beginning in 2000, including Executive Vice President and Chief Risk Management Officer from 2001
until Bank One’s acquisition by JPMorgan Chase & Co. in July 2004. Ms. Bammann also was a member of Bank
One’s executive planning group. From 1992 to 2000, Ms. Bammann was a Managing Director with UBS Warburg
LLC and predecessor firms. Ms. Bammann was a board member of the Risk Management Association, and
chairperson of the Loan Syndications and Trading Association. Ms. Bammann currently is a director of Manulife
Financial Corporation, where she is a member of the Risk Committee and the Management Resources and
Compensation Committee, and of The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial
Corporation.
• Carolyn H. Byrd joined the Board in December 2008. She is 63 years old. She is an experienced finance executive
who has held a variety of leadership positions. She also has significant public company audit committee
experience. Ms. Byrd’s internal audit and public company audit committee experience enables her to support the
Board’s oversight of our internal control over financial reporting and compliance matters.
Ms. Byrd has been Chairman and Chief Executive Officer of GlobalTech Financial, LLC, a financial services
company she founded, since 2000. From 1997 to 2000, Ms. Byrd was President of Coca-Cola Financial
Corporation. From 1977 to 1997, Ms. Byrd held a variety of domestic and international positions with The
Coca-Cola Company, including Chief of Internal Audits and Director of the Corporate Auditing Department. She is
currently a director of AFC Enterprises, Inc., where she is a member of the Audit Committee and the Corporate
Governance Committee and of Regions Financial Corporation, where she is a member of the Audit Committee and
the Risk Committee. Ms. Byrd is a former member of the board of directors and audit committee member of
Circuit City Stores, Inc. and RARE Hospitality International, Inc., and she also served on the board of directors of
St. Paul Travelers Companies, Inc.
• Charles E. Haldeman, Jr. joined the Board in August 2009, upon the commencement of his employment as Chief
Executive Officer of Freddie Mac. He is 63 years old. He is an experienced finance executive and leader of finance
and investment organizations. Mr. Haldeman’s experience as a leader of financial organizations enables him to
provide valuable business and operating perspectives to the Board.
Prior to joining Freddie Mac, Mr. Haldeman served as Chairman of Putnam Investment Management, LLC, the
investment advisor for the Putnam Funds, from July 2008 through June 2009. He joined Putnam Investments in
2002 as Senior Managing Director and Co-Head of the investment division, was appointed President and Chief
Executive Officer in November 2003, and served in that capacity until June 2008. He was a member of Putnam
Funds’ Board of Trustees from 2004 until July 2009, and was named President of the Putnam Funds in 2007. He
served as a member of Putnam Investments’ Board of Trustees from November 2003 until June 2009, where he
served as a member of the audit committee. Prior to joining Putnam, Mr. Haldeman served as Chief Executive
Officer of Delaware Investments from 2000 to 2002, and as chairman from 2001 to 2002. He was the President and
Chief Operating Officer of United Asset Management Corporation from 1998 to 1999. Mr. Haldeman served as
chairman of Dartmouth College’s Board of Trustees from 2007 until 2010.
• Christopher S. Lynch joined the Board in December 2008. He is 54 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 roles as Non-Executive Chairman and member of our Audit Committee.
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 risk management,
strategy, governance, financial and regulatory reporting and troubled-asset management. Prior to retiring from
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