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Freddie Mac’s CFO retiring in 2013

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Freddie Mac’s CFO, Ross J. Kari, plans to retire in the second half of 2013 following his 55th birthday.

Kari will stay with Freddie Mac until they find someone to replace him and a smooth transition has taken place.

"Ross has been an invaluable asset to Freddie Mac, leading the company through some of its most important financial efforts, including the successful completion of the FAS 140 implementation and Sarbanes-Oxley compliance," Chief Executive Officer Donald H. Layton said in a statement. "He is a truly outstanding CFO and I greatly appreciate his ongoing commitment to the company, its mission and its people."

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