Freddie CEO Named Chair of Foundation

Gregory J. Parseghian, Freddie Mac's president and chief executive officer, has been named chairman of the board of the Freddie Mac Foundation.Mr. Parseghian has served for two years on the board of the foundation, which was created in 1991 as a philanthropic program for children, youths, and their families. As chairman, Mr. Parseghian will oversee initiatives aimed especially at preventing child abuse and neglect, promoting foster care and adoption, and youth development, the foundation said. "The Freddie Mac Foundation anchors our philanthropic program, and I look forward to leading its efforts to make a positive difference in the lives of children," he said. Mr. Parseghian was named president and CEO of Freddie Mac in June. He was previously its executive vice president and chief investment officer. The foundation can be found online at http://www.freddiemacfoundation.org.