David Kellermann was named acting chief financial officer in September 2008. Kellermann is a member of the company's leadership team and reports directly to CEO David M. Moffett.
As acting chief financial officer, Kellermann is responsible for the company's financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversees the company's annual budgeting and financial planning processes.
Prior to this role, he served as senior vice president, corporate controller and principal accounting officer. In this position, his primary responsibility was to support the business with the production of timely, accurate, and well-controlled GAAP, fair value and segment earnings financial statements and external disclosures.
Before that, Kellermann served as the senior vice president and business area controller. As business area controller, he led the organization responsible for all accounting and finance for Freddie Mac’s lines of business.
Kellermann has been with Freddie Mac for more than 16 years. He began as a financial analyst/auditor in 1992, worked for several years in the company's securities sales and trading unit, and has served in a variety of positions in the company's capital markets division, most recently serving as vice president strategy execution and integration and the Investments and Capital Markets division controller.
He holds a M.S. in Finance from George Washington University and a B.S. in Political Science and Accounting from the University of Michigan. Kellermann is a volunteer board member of the D.C. Coalition for the Homeless.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
Mr. Kellermann was found dead at 5:00 AM today, a reported suicide.
Don't look for this on the TV news tonight. And have a nice day.