Freddie Appoints Smialowski to EVP Post

Freddie Mac here has named Joseph A. Smialowski executive vice president, operations and technology effective Dec. 1.

Mr. Smialowski most recently was executive vice president at Fleet Boston Financial where he was part of the firm's management committee and had direct oversight of its information technology, bank operations, corporate real estate, procurement, security and business continuity for Fleet's business lines in Asia, Europe, Latin America and the United States. He held a key role on the integration team following the acquisition of Fleet Boston by Bank of America.

Mr. Smialowski will be responsible for managing the largest segment of Freddie Mac's business operations, including all of the company's mortgage origination and servicing, investment and capital markets operations, and information systems divisions. He will report to president and chief operating officer Eugene M. McQuade.

Prior to joining Fleet Boston in 1998, Mr. Smialowski was chief information officer at Sears, Roebuck and Co., overseeing all of the information technology units for the company's retail, credit, product service and direct-response businesses in North America. He also served as the chairman of the National Retail Federation's Technology Council and was a recipient of the National Center for Supercomputing Center's Grand Challenge Award.

Before joining Sears, he was a partner in the firm of Price Waterhouse from 1984-1993. His responsibilities included a management consulting practice that focused on operational and technology issues affecting retailers in North America as well as technology and service providers to the retail industry.

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