Freddie Mac President Mike Hutchins to Remain President; Freddie Mac Names New CEO, Kenny M. Smith

Core Viewpoint - Freddie Mac has appointed Kenny M. Smith as the new CEO, effective December 17, 2025, succeeding Michael Hutchins, who will remain as president [1][3]. Group 1: Leadership Transition - Kenny M. Smith brings nearly 40 years of experience in financial services, having spent 27 years at Deloitte Consulting LLP, including five years as Vice Chairman and U.S. Financial Services Industry Leader [2][4]. - Smith's extensive background includes advising major clients like Wells Fargo & Company from 2008 to 2019, focusing on various company matters [2][4]. Group 2: Strategic Vision - Smith expressed enthusiasm about joining Freddie Mac, emphasizing the company's vital role in the housing finance system and his commitment to expanding access to homeownership and rental housing [5]. - Mike Hutchins highlighted that Smith's experience will be beneficial for Freddie Mac as it aims to meet the needs of homeowners, renters, and the industry in the coming years [3].