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Freddie CFO Ross Kari Preparing to Retire Next Year

DEC 20, 2012 10:56am ET
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Freddie Mac’s chief financial officer Ross Kari wants to retire and he will be leaving the company next summer.

“Kari is committed to stay with Freddie Mac until after a successor is appointed and a smooth transition has taken place,” the mortgage giant said late Wednesday afternoon. 

The 55-year-old CFO led the company through its adoption of FAS 140 (accounting for mortgage securitizations) in 2000 and the Sarbanes-Oxley Act in 2002 which revised securities disclosure requirements for publicly traded companies in the wake of the Enron accounting scandal.

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