Martin F. Leibowitz, vice chairman and chief investment officer of TIAA-CREF, has been elected to the board of directors of Freddie Mac.Before joining TIAA-CREF in 1995, Mr. Leibowitz was employed by Salomon Brothers for 26 years. His last position there was managing director and director of research. TIAA-CREF is an investor in equity and fixed-income securities, including Freddie Mac's. The government-sponsored enterprise also reported the resignation from the board of James F. Montgomery, one of Freddie Mac's original board members. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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