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7.81183884177732E-05 -0.000572868181729309 -0.000572868181729309 -0.00263432565386163 0.00024086503095439 0.00024086503095439 0.00024086503095439 0.00024086503095439
Stock impact report

Freddie Mac Taps Kenny Smith as CEO With 2026 IPO Possible [Yahoo! Finance Canada]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Smith will be its chief executive officer effective Dec. 17, putting the former Deloitte Consulting LLP vice chairman in a critical position ahead of a long-promised share sale by the Trump administration. Smith spent 27 years at Deloitte, including five years as vice chairman, US Financial Services Industry Leader, Freddie Mac said in a statement Tuesday. He will replace interim CEO Michael Hutchins, who will continue in his role as president. Most Read from Bloomberg “Freddie Mac plays a vital role in the nation's housing finance system, and I look forward to working with our talented team to expand access to homeownership and rental housing across the country,” Smith, 64, said in the statement. The personnel change comes as the Trump administration — facing pressure to make housing more affordable heading into the 2026 midterm elections — weighs a public offering of shares in Freddie and sister company Fannie Mae. The two government-controlled companies back more than half Show less Read more
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