Freddie Mac 2012 Annual Report Download - page 329

• Carolyn H. Byrd joined the Board in December 2008. She is 64 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 served as 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 and
Nominating 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.
• Steven W. Kohlhagen joined the Board in February 2013. He is 65 years old. He is nationally recognized as a leading
financial expert with extensive knowledge of mortgage finance and the capital markets. He brings to the Board a
unique combination of senior executive leadership skills and a deep understanding of economics, modeling and
complex financial instruments.
Over the course of his career, Mr. Kohlhagen held senior executive positions at leading financial institutions. From
1992 to 2003 he worked at First Union National Bank (predecessor to Wachovia National Bank), last serving as
managing director of the Fixed Income Division. Mr. Kohlhagen served in senior roles at AIG Financial Products
from 1990 to 1992, Stamford Capital Group from 1987 to 1990, Bankers Trust Corporation from 1985 to 1987, and
Lehman Brothers, Inc. from 1983 to 1985. Mr. Kohlhagen’s public sector experience encompasses consulting work
for the Organization for Economic Cooperation and Development from 1980 to 1981, the United States Department
of the Treasury from 1976 to 1977, and the Federal Reserve Board in 1976. He was also senior staff economist for the
Council of Economic Advisors, White House Staff from 1978 to 1979.
Since 2006, Mr. Kohlhagen has been a director of AMETEK Inc., a global manufacturer of electronic instruments and
electromechanical devices, where he is a member of the Audit Committee. He is also a director of Abtech Holdings
Inc., a developer and manufacturer of environmental technologies, where he is a member of the Audit Committee,
and Reval Inc., a financial risk management consulting firm, where he is a member of the Governance and
Nominating Committee. Mr. Kohlhagen served as a director of the IQ Mutual Funds, a family of Merrill Lynch
registered, closed-end investment companies, from 2005 to 2010. Since 2001, Mr. Kohlhagen has been an Advisory
Board member of the Stanford Institute for Economic Policy Research. He also served as a professor of international
economics and finance at the University of California, Berkeley from 1973 to 1983.
• Donald H. Layton joined the Board in May 2012, upon commencement of his employment as Chief Executive
Officer. He is 62 years old. He is an experienced finance executive and leader of finance and investment
organizations. Mr. Layton’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. 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
additionally 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
324 Freddie Mac