Freddie Mac announced that its regulator, the Federal Housing Finance Agency, had appointed 10 directors to Freddie's board.
David Moffett, the former U.S. Bancorp chief financial officer whom the FHFA installed as Freddie's chief executive after it placed the government-sponsored enterprise into conservatorship on Sept. 6, became the board's only executive member.
John Koskinen, who has held a variety of posts in government and the private sector, was named Freddie's chairman shortly after the seizure. Most of the McLean, Va., company's directors had resigned by the end of September.
Three of the newly appointed directors had been on the board before the government takeover: Nicolas Retsinas, the director of Harvard University's Joint Center for Housing Studies and a lecturer at the Kennedy School of Government; Robert Glauber, also a lecturer at the Kennedy School; and Barbara Alexander, an executive fellow at the Joint Center for Housing Studies.
Mr. Koskinen's compensation as chairman is $290,000 a year. The others are to receive $160,000 a year for serving as directors and additional fees for serving on board committees.
Anthony Williams, the former mayor of Washington, is one of the new directors.
In a filing last week with the Securities and Exchange Commission, Freddie said the board "will serve on behalf of, and will exercise authority as directed by" the FHFA.