Freddie Appoints General Counsel

Freddie Mac has appointed Joan E. Donoghue to be senior vice president and general counsel after working at the giant mortgage company for four years.

She replaces Ralph Boyd Jr. who was elected chairman of the Freddie Mac Foundation last week.

"Joan has been a tremendous asset to Freddie Mac during a period of extraordinary change," Freddie chairman and chief executive Richard Syron said in reference to the accounting scandal that was uncovered in 2003 and the ongoing restatement of the company's financial statements.

Ms. Donoghue joined Freddie in 2001 after working as deputy general counsel in the Treasury Department (1999-2000). She served as Freddie's interim general counsel after general counsel Maud Mater was forced out in August 2003 by federal regulators.

Ms. Donoghue remained as deputy general counsel when Mr. Boyd, a senior partner at Alston & Bird, was recruited to be the general counsel in April 2004.

The new general counsel is a graduate of University of California Berkeley School of Law and she began her career as an associate attorney at Covington & Burling.

Meanwhile, the former general counsel is the new chairman of the Freddie Mac Foundation and he will remain a senior corporate officer in charge of community relations, corporate giving and employee volunteerism.

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