Freddie Mac names next CEO

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Freddie Mac announced Thursday that CEO Donald H. Layton will retire July 1. He has held that role since 2012.

The board of directors has appointed David M. Brickman to succeed him. He will join the board at that time.

Brickman was named president of Freddie Mac in September when Layton announced he would retire in the second half of 2019. The company identified Brickman as the company’s internal candidate to succeed Layton and conducted a search and selection process.

“The board engaged in a multi-year succession process to ensure we selected the right leader, and David is an outstanding choice to serve as our next CEO,” Sara Matthew, chair of the Freddie Mac board of directors said in a statement. “He is an exceptional business leader, having demonstrated great strategic and execution skills as the long-time head of our Multifamily business. He led the process of driving credit risk transfer and attracting private capital to finance multifamily housing while protecting the American taxpayer.”

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