The Prudential Financial veterinarian served on Freddie Mac’s board of directors for about a year before being named the company’s interim chief executive officer.
Federal credit service provider Freddie Mac has appointed Mark Grier as interim chief executive officer, the company announced on Tuesday. Grier will succeed former CEO David Brickman, who left the company in November.
In the short period between Brickman’s departure and Grier’s appointment as interim CEO, Michael Hutchins led the company as interim president. He has since been named president and remains in the role under Grier.
Grier, who has been a board member for Freddie since February 2020, should be well positioned to succeed in his new role.
“As a member of the board of directors, Mark Grier is already an invaluable asset to Freddie Mac, with over four decades of experience in finance, risk, markets and capital management,” said Sara Mathew, non-executive chairman of the board of directors of Freddie Mac, said in a statement. “He is ideally suited to lead the company as we continue to search thoroughly for a permanent CEO. I thank Mark for his guidance and look forward to working closely with him to continue serving the land’s homeowners and renters. “
Prior to joining Freddie’s board of directors about a year ago, Grier had a career spanning more than 20 years at life insurer Prudential Financial, starting in 1995 as chief financial officer and eventually becoming chairman and vice chairman in 2002. While at Prudential, Grier worked for responsible for various company activities. Highlights included leading the company’s global strategic initiatives and playing a key role in Prudential’s $ 3 billion initial public offering in 2001, the largest initial public offering in history. Grier retired from Prudential in 2019.
Brickman, who previously served as President of Freddie Mac, became CEO of the government-sponsored company in July 2019. In January 2021, he became CEO of a new commercial agency lending platform jointly founded by commercial mortgage broker Meridian Capital Group and investment manager Barings.
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