Freddie Mac 2011 Annual Report Download - page 329

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. In addition, Mr. Lynch serves on the National
Audit Committee Chair Advisory Council of the National Association of Corporate Directors.
• Nicolas P. Retsinas joined the Board in 2007. He is 65 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 also
formerly served on the Board of Trustees for the National Housing Endowment. Currently, Mr. Retsinas serves on
the Board of Trustees for Enterprise Community Partners, on the Board of Directors of the Center for Responsible
Lending, and as a member of the Bipartisan Policy Center’s Housing Commission.
• Clayton S. Rose joined the Board in October 2010. He is 53 years old. He is a finance executive with leadership
experience in finance and investment organizations, experience serving on and chairing public company audit
committees, and 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, as well as financial reporting and controls oversight.
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 same year. He was an adjunct professor at the Stern School of Business at New York University from 2002
to 2004, and at the Graduate School of Business at Columbia University from 2002 to 2006. In 2001, Mr. Rose
served as Vice Chairman and Chief Operating Officer of JP Morgan, the investment bank of J.P. Morgan Chase &
Co. Previously, he worked at J.P. Morgan & Co. Incorporated from 1981 to 2000, where, among other positions, he
was head of the Global Investment Banking and the Global Equities Divisions and served as a member of the
firm’s executive committee. Mr. Rose is a member of the board of directors of XL Group plc, where he is a
member of the Nominating, Governance and External Affairs Committee and the Risk and Finance Committee. He
is a trustee of the Howard Hughes Medical Institute, where he has chaired the audit and compensation committee
since March 2009, and is a director of Public/Private Ventures, where he has chaired the audit committee since
October 2011. From November 2007 to March 2010, he served as Chairman of the board of managers of
Highbridge Capital Management, an alternative investment management firm owned by JPMorgan Chase & Co.
Mr. Rose previously served as a member of the boards of directors of Mercantile Bankshares Corporation from
September 2003 to April 2007, where he served on the audit committee, and of Lexicon Pharmaceuticals, Inc. from
July 2004 through September 2007, where he chaired the audit committee from March 2005 through September
2007. From October 2006 to October 2011, he was a trustee of the National Opinion Research Center at the
University of Chicago, and chaired its audit committee.
• Eugene B. Shanks, Jr. joined the Board in December 2008. He is 64 years old. He is an experienced finance
executive with leadership and risk management expertise. Mr. Shanks’ leadership and risk management experience
enables him to provide the Board with valuable guidance on risk management issues and our strategic direction.
Mr. Shanks is a Trustee of Vanderbilt University, a member of the Advisory Board of the Stanford Institute for
Economic Policy Research, a director of ACE Limited, where he serves as a member of the Risk and Finance
324 Freddie Mac