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Freddie Mac’s Chief Operating Officer Submits Resignation

in Government, Secondary Market February 9, 2011 811 Views

Bruce M. Witherell resigned from his position and responsibilities as chief operating officer of ""Freddie Mac"":http://www.freddiemac.com on Wednesday, according to a regulatory filing with the ""Securities and Exchange Commission"":http://www.sec.gov (SEC).

The GSE says Witherell is stepping down ""for personal reasons."" His resignation is effective immediately. According to the SEC filing, Witherell will not receive any termination benefits.

A former Morgan Stanley and Lehman Brothers executive, Witherell joined Freddie Mac as COO in September 2009 and was charged with overseeing all of the company's core business lines, as well as the operations and technology, and models and research divisions.

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About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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