Freddie Dismisses Operations Executive in Reorganization

Freddie Mac Tuesday dismissed its executive vice president of operations and technology, Mike Perlman, as part of a company reorganization effort, according to officials close to the matter. Operations and technology is one of the largest departments at the GSE, which has been operating under a government conservatorship for almost 22 months. Freddie Mac had no comment on the matter but an official close to the situation said Joe Rossi, a senior vice president, would assume Perlman's duties. Besides Perlman, a small number of other I/T workers were let go, sources confirmed. In August 2007 the GSE named Perlman EVP of operations and technology. Prior to joining Freddie, he was a managing director at Morgan Stanley where he developed operations and technology infrastructure to support the firm's fixed income division. He also was a managing partner at AT&T Solutions' financial services group.