Freddie CFO Ross Kari Preparing to Retire Next Year

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.