Freddie Board Elects New Member

Richard Karl Goeltz, a former vice chairman and chief financial officer of American Express Corp., has been elected to the board of directors of Freddie Mac.Before joining American Express, Mr. Goeltz was group CFO and a member of the board of National Westminster Bank and executive vice president for finance and CFO at The Seagram Co. Ltd., Freddie Mac said. He is a former member of the Financial Accounting Standards Board Advisory Council and of the United Kingdom's Accounting Standards Board.