Freddie Mac Elects New Member to Board of Directors

Lance Drummond

Freddie Mac recently announced the election of Lance F. Drummond as a director on the company's board. Drummond, 60, is a senior business leader with extensive experience specializing in business transforming strategy development and execution, operations, technology, and process re-engineering.

"We are very pleased that Lance is joining the Freddie Mac Board of Directors," said Christopher S. Lynch, Freddie Mac's non-executive chairman. "He is a proven and experienced executive who has held leadership positions in several prominent financial institutions. His expertise should be instrumental in helping the Board and Freddie Mac during an important time for the mortgage industry and the nation."

According to Freddie Mac, Drummond served as EVP, operations and technology for TD Canada Trust from 2011 to 2014. Prior to joining TD, he was EVP of human resources and shared services at Fiserv Inc. from 2009 to 2011. Before joining Fiserv he was senior VP and supply chain executive, service, and fulfillment executive for global technology, and operations and eCommerce and ATM executive at Bank of America from 2002 to 2008. He began his career at Eastman Kodak Company, where he held several senior positions, rising to become COO and corporate VP, Kodak Professional Division.

Drummond earned a Master of Science degree in industrial management from Massachusetts Institute of Technology's Sloan Business School, an MBA from University of Rochester's Simon Business School and a Bachelor of Science degree from Boston University's Questrom School of Management.