The acting chief financial officer for Freddie Mac (FRE), David
Kellermann, was found dead early Wednesday at his home, local
police said.
His wife told local police that Kellermann, 41 years old,
committed suicide, Washington, D.C., television station WUSA
reported, citing sheriff's deputies in Fairfax County, Va. Police
found the body after responding to a call from family members
around 5 a.m., Radio station WTOP reported on it's Web site, citing
Fairfax County Police.
Kellermann became acting chief financial officer of Freddie Mac
in September, replacing Anthony S. Piszel amid a broader overhaul
of top management. He had previously been the company's controller
and principal accounting officer.
Kellermann's job made him responsible for financial controls and
reporting at Freddie Mac, a housing financier backed by the federal
government. He had been with the company for more than 16 years,
starting as a financial analyst and auditor in 1992, according to
the company's Web site.
Freddie Mac, along with its sibling Fannie Mae, were taken over
by the government in September in what would become a string of
state interventions in financial services firms. The housing
finance gaints have been hobbled by falling home prices and the
subsequent deterioration in their investment portfolios. Freddie
has received $30.8 billion in support from the government while
Fannie has taken $15.2 billion.
The company's battered shares were lower in premarket
trading.
-Dow Jones Newswires; 201-938-5500