Freddie Mac board elects new non-executive chair

Former Dun & Bradstreet CEO joined the board in 2013

Freddie Mac board elects new non-executive chair

Freddie Mac’s board of directors has elected former Dun & Bradstreet CEO Sara Mathew to become its non-executive chair, succeeding the retiring Christopher Lynch.

Mathew is a long-time corporate executive with extensive global financial and management experience. She joined Freddie Mac’s board in 2013, and most recently served as a member of the executive and nominating and governance committees, in addition to chairing the audit committee.

“Sara’s long and distinguished career as an executive leader in the financial services industry and her deep knowledge of Freddie Mac’s operations make her uniquely qualified to serve as the next board chair,” Lynch said. “The board will benefit tremendously from her experience and insights.”

The board thanked Lynch for his 10-year tenure. “Chris Lynch came to Freddie Mac just after we entered government conservatorship—at a very difficult time for the company and the housing market,” said Donald Layton, chief executive officer and board member at Freddie Mac. “In the decade that followed, and particularly after becoming board chair in 2011, he was a tireless advocate for implementing board governance best practices and engaging with management to transform the company into a more efficient, more innovative and customer-centric organization. His efforts have resulted in a company and housing finance system that is stronger, more stable and better positioned for the future. We are grateful for his leadership and exceptional contribution to Freddie Mac.”