WASHINGTON — Former Freddie Mac chief executive David Moffett is temporarily returning to the government-sponsored enterprise to help make sure it files its first quarter financial results on time.
The move, which was announced on Friday, comes after Freddie's chief financial officer, David Kellermann, was found dead on Wednesday in his suburban Washington home in what appears to have been a suicide. Freddie did not offer details on how long Moffett will work for the GSE but said his title would be a consultant to John Koskinen, the interim chief executive.
"I'm grateful to David for offering to assist us during this challenging time," Koskinen said in a press release. "David is well positioned to advise me in my oversight of the finance function. He knows the company well from his time as chief executive, and has built an impressive career in financing and accounting leadership as an executive with other leading public companies."
Moffett spent six months as Freddie's chief executive and was installed in the post after the government seized control of the GSE in September. He resigned in March after expressing frustration over the government meddling in Freddie's operations.
Freddie lost $23.9 billion during the fourth quarter and $50.1 billion during all of 2008.
A Freddie spokesman said Moffett is not being paid for his services, though the GSE is reimbursing him for living expenses and transportation costs.
