PAUL G. GEORGE

Executive Vice President
Human Resources

Paul G. George was named executive vice president for Human Resources in August 2005. He reports directly to Freddie Mac Chairman and CEO Richard F. Syron.

As the company’s chief human resources executive, George is responsible for leading all aspects of the HR function and ensuring strong support of the company’s business objectives. Specifically, he is responsible for recruiting, compensation and benefits, organizational development, training and management development, employee relations and diversity.

Prior to Freddie Mac, George served as senior executive vice president of Human Resources at Wachovia Corp. for six years, where he was responsible for developing and implementing human resource strategies for all lines of business worldwide. He and his HR team, in coordination with leaders in each business unit, brought many new services as well as operational efficiencies to the company’s talent management while Wachovia saw enterprise increases in both customer loyalty and employee engagement.

Before that, George was a member of Waste Management Inc.’s interim management team for a year, while the company merged with its second largest competitor, USA Waste Services Inc. He oversaw all of the human resources activities for employees worldwide.

Prior to that, George worked for 10 years as senior vice president of Human Resources at United Airlines. During his tenure, George was involved in leading the implementation of the world’s largest employee-majority-controlled buyout, building on labor relations expertise he developed at Pacific Southwest Airlines and, before that, at Meserve, Mumper & Hughes, the second oldest law firm in Los Angeles.

George graduated magna cum laude from Occidental College in Los Angeles. He received his law degree from the University of California at Los Angeles.

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

08/05