Before 1993, he worked at BankAmerica Corp. and Security Pacific Corp.
McLean, Virginia-based Freddie Mac also reiterated that it expects its regulator will ask the Treasury for $30 billion to $35 billion in capital after the company files its 2008 annual report with the Securities and Exchange Commission.
President Barack Obama last month outlined a home refinancing and foreclosure prevention plan that relies heavily on Freddie Mac and larger rival Fannie Mae
The Obama administration last month doubled its capital commitment to the companies to $400 billion.
James Lockhart, director of the Federal Housing Finance Agency, the companies' regulator, said he would work with Freddie Mac to ensure a smooth transition in leadership.
(Reporting by Al Yoon, Editing by Walker Simon)