Kenny M. Smith is Chief Executive Officer of Freddie Mac. He is a member of Freddie Mac’s Board of Directors and the company's senior operating committee.

Smith brings nearly 40 years of experience providing strategy, operational, risk management and governance counsel to a diverse array of financial services companies and institutions. He spent 27 years at Deloitte Consulting LLP in numerous positions, including five years as vice chairman of U.S. Financial Services Industry Leader. At Deloitte, he also served as global lead client service partner for Wells Fargo & Company from 2008 to 2019, advising management on a wide variety of company matters.

As financial services industry leader, Smith oversaw Deloitte’s financial services sectors, including banking and capital markets, real estate, insurance, and investment management. He also served as senior industry advisory partner for numerous clients.

Smith earned a Bachelor of Business Administration from Texas Tech University and was recognized as a distinguished alumni of the Rawls College of Business, where he also serves as an Emeritus Advisory Council member. He is a certified public accountant.

Mr. Hutchins has served as our President since December 2020 after serving as our Interim President beginning in November 2020. He has also served as a member of our Board since March 2025.

Previously, Mr. Hutchins served as Interim CEO from March 2025 to December 2025, and as Interim CEO and a member of our Board from March 2024 to September 2024. In his role as President, he oversees the company's Single-Family, Multifamily, Investments and Capital Markets, EO&T, Finance, Human Resources, and Legal Divisions.

He previously served as EVP - Investments and Capital Markets from January 2015 to November 2020 and as SVP - Investments and Capital Markets from July 2013 to January 2015.

From 2007 to 2013, prior to joining Freddie Mac, Mr. Hutchins was Co-Founder and CEO of PrinceRidge, a financial services firm. Prior to founding PrinceRidge, he held a variety of senior management positions, including the Global Head of the Fixed Income Rates & Currencies Group, at UBS Group AG from 1996 to 2007.

Prior to UBS, Mr. Hutchins worked at Salomon Brothers, Inc. from 1986 to 1996, where he held a number of management positions, including Co-Head of Fixed Income Capital Markets.

Kevin Cheng is senior vice president and head of the Investments and Capital Markets Division. He oversees liquidity, financing, credit risk transfer and derivative activities as well as managing Freddie Mac's portfolio of single-family securities and loan investments. His responsibilities also include enterprise functions related to financial/capital/risk analytics, model governance, payments, counterparty risk and third-party risk. He is a member of the senior operating committee.

Cheng previously served as the SVP and head of Mortgage Assets & Risk Transfer at Freddie Mac, overseeing Single-Family Credit Risk Transfer, Cash Window, Agency Trading and Loan Portfolio Management and Structuring. Earlier, as VP of Trading within Freddie’s Retained Portfolio, he managed the firm’s Agency MBS portfolio. Prior to joining Freddie Mac in 2014, Cheng held MBS trading positions as a managing director at Citigroup Global Markets.

Cheng holds a B.S. from The Wharton School and a B.S. in Computer Science from the University of Pennsylvania.

Jack Dever is the executive vice president, general counsel and corporate secretary of Freddie Mac. In this role, he oversees all legal strategies, services and resources. He also manages all corporate governance matters. He is a member of the senior operating committee.

Dever is a senior national security and enterprise risk leader with experience across the U.S. intelligence community, federal law enforcement, global financial institutions, and Fortune 25 companies. Prior to joining Freddie Mac in September of 2026, he was appointed by the President and confirmed by the U.S. Senate as the General Counsel for the Office of the Director of National Intelligence (ODNI), advising on legal issues, enterprise risk, cybersecurity, and national security matters affecting the intelligence community.

His career spans military service, national security, federal law enforcement and global financial services. Dever began as an enlisted Signals Intelligence Korean Linguist in the U.S. Army and later served as a Judge Advocate in the Army JAG Corps, earning the Bronze Star and Purple Heart. He subsequently held legal and executive leadership roles at the Federal Bureau of Investigation, the U.S. Department of Justice, General Electric, GE Capital, Wells Fargo and UBS, managing complex risks across cybersecurity, financial crime, regulatory compliance and crisis response. Prior to joining ODNI, he was Chief Executive Officer of Lockhaven Solutions, an enterprise risk and cybersecurity advisory firm.

Dever holds a doctorate in Cybersecurity Law and is the author of multiple peer-reviewed publications addressing cyber conflict, attribution, and international legal frameworks. His recent honors include the ODNI Director’s Distinguished Service Award and the University of Notre Dame Rev. William Corby, C.S.C., Award for distinguished military service.

Michele Espada serves as Senior Vice President and Chief Human Resources Officer at Freddie Mac, where she is responsible for advancing and executing the company’s human capital strategy and shaping its organizational culture. Through her leadership, Michele drives Freddie Mac’s ability to attract, develop, and retain top talent, fostering an environment that promotes business performance and innovation.

In addition to her human resources leadership, Michele oversees Corporate Communications, aligning Freddie Mac’s public presence and stakeholder engagement with its strategic objectives. Her integrated approach strengthens and enhances employee and stakeholder engagement and supports Freddie Mac’s mission within the financial services industry.

With nearly two decades at Freddie Mac, Michele is recognized for her ability to lead transformative change, build high-performing teams, and drive organizational effectiveness. Her leadership has been pivotal in positioning Freddie Mac as an employer of choice and a trusted industry leader.

Prior to Freddie Mac, Michele held senior talent and human resources roles at Nextel Communications and Wireless Facilities Inc. She holds a bachelor’s degree in organizational management from Cabrini College in Radnor, Pennsylvania.

John Glessner is executive vice president and chief risk officer. He leads the Enterprise Risk Division and is responsible for the company's enterprise-wide risk framework and providing overall direction and leadership for the risk function. He is a member of the senior operating committee.

Glessner has been with Freddie Mac for more than 25 years including as executive vice president and head of the Investments and Capital Markets Division. He has also previously served as Freddie Mac’s treasurer, overseeing the corporate treasury function, liquidity management and interest-rate hedging activities. Earlier in his tenure at Freddie Mac, Glessner worked in various areas including the Securities Sales & Trading Group as well as the Collateralized Mortgage Obligation (CMO) and Cash Window desks. Prior to re-joining the firm in 2010, he held various trading positions at the Friedman, Billings, Ramsey Group and GMAC ResCap.

He earned a BS in Mechanical Engineering from the University of Virginia.

Laura Lee is senior vice president and chief audit officer of Freddie Mac. She reports directly to the Audit Committee of Freddie Mac’s Board of Directors.

In this position, Lee directs the Internal Audit Division, whose purpose is to strengthen the enterprise’s ability to create, protect and sustain value. This is accomplished by independently and objectively evaluating the efficiency and effectiveness of governance, risk management and control processes. Lee joined Freddie Mac in 2013 as vice president and assistant general auditor focusing primarily on consumer credit and investor payment processes.

Lee has over 30 years of experience in the banking and real estate industry. She has previously worked in the KPMG Banking and Real Estate practice, the KPMG National Mortgage practice and at Fannie Mae in technology product development and implementation.

Lee is a certified public accountant in Virginia. She has a Bachelor of Accounting from the University of Alabama in Huntsville.

Sonu Mittal is the executive vice president and head of the Freddie Mac Single-Family Acquisitions Division. He is responsible for seller engagement, credit, products and affordable mission goals, as well as the operations and technology functions that support these activities. He is a member of Freddie Mac’s senior operating committee.

Mittal brings more than two decades of leadership experience in virtually every aspect of mortgage lending. He comes to Freddie Mac from Citizens, where he served as President of Home Mortgage, executive vice president of Home Lending and head of Retail Mortgage, among other key roles. Prior to Citizens, he spent 18 years in the Washington, D.C., area at Capital One and Chevy Chase Bank, working in mortgage production, consumer sales and other areas. He has extensive experience across sales, operations, capital markets, strategy, analytics, product management and technology.

Mittal holds a bachelor’s degree in accountancy from the George Washington University School of Business.

Kevin Palmer is executive vice president and head of Freddie Mac Multifamily, leading all aspects of the division’s efforts to provide stability, liquidity and affordability throughout the rental housing market.

Freddie Mac Multifamily is a leader in the secondary multifamily mortgage market, purchasing conventional, targeted affordable, small balance, student and seniors housing loans from its network of lenders. The division is also a pioneer in credit risk transfer (CRT), having securitized more than $500 billion in loans through its K-Deal® platform. The vast majority of the loans it purchases support rental units that are affordable to low- and moderate-income households.

A longtime Freddie Mac veteran, Kevin previously led Portfolio Management for the company’s Single-Family Division, including supervision of Freddie Mac's nearly $3 trillion guarantee book of business including servicing, pricing and analytics, and oversight of its real estate-owned portfolio. He also led Single-Family CRT. In his more than 20 years at Freddie Mac, Kevin has held various capital markets and risk management positions.

Palmer holds an MBA in Finance from Virginia Tech and a Bachelor of Arts in Economics from Weber State University.

Neil Sarnak is a senior technology executive and strategic advisor with over 30 years of experience driving innovation and operational excellence across global financial institutions.

A technology leader with extensive experience driving enterprise-wide strategies in the financial industry, he has held executive roles at top-tier firms, including Global Head of Fixed Income IT at Goldman Sachs and CIO at UBS, Morgan Stanley and Credit Suisse. He also has extensive consulting experience at Freddie Mac and other financial institutions.

He has led major initiatives in enterprise architecture, risk management systems, data and cloud modernization, and electronic trading strategy. His expertise spans strategic planning, management and personnel leadership, as well as the design of high-performance, scalable, fit-for-purpose technology solutions.

Sarnak holds a Ph.D. in computer science from NYU’s Courant Institute.

Ravi Shankar is the executive vice president and head of the Freddie Mac Single-Family Portfolio and Servicing Division. He is responsible for loan pricing, securitization and servicing, as well as the data, operations and technology that support these activities. He is a member of Freddie Mac’s senior operating committee.

In addition, Shankar serves as a member of the Board of Managers of U.S. Financial Technology, LLC.

Shankar brings over three decades of experience managing multibillion-dollar finance, capital markets, portfolios and mortgage trading operations. A financial services veteran whose previous tenure at Freddie Mac spanned from 2013 to 2019, he served initially as senior vice president of Single-Family Portfolio Management and then as deputy head of the Investments & Capital Markets Division.

Before joining Freddie Mac in 2013, he spent seven years at JP Morgan Chase in several key roles, including chief financial officer, head of Capital Markets, and portfolio manager at Chase Home Finance. Prior to that, he worked in various senior positions with Citigroup for 16 years.

Shankar holds a Bachelor of Commerce degree from the University of Delhi, India. He is also a Fellow Member of the Indian Institute of Chartered Accountants.

Jim Whitlinger is executive vice president and chief financial officer. He is responsible for the company's financial controls, accounting, investor relations, financial planning and reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley (SOX). He is a member of the company's senior operating committee.

Whitlinger has served in various senior leadership roles including Freddie Mac’s interim CFO and for 10 years as the CFO of the Single-Family Division. Prior to joining the company, he held a variety of leadership positions during his 22-year tenure at GMAC ResCap, Inc., and Residential Capital LLC, including EVP and CFO for Residential Capital LLC and its subsidiaries. He also served on the Board of Directors for Residential Capital LLC.