Kenny M. Smith
Chief Executive Officer
Executive
0 yr
18 reports
Leadership change Kenny M. Smith became CEO · 10-K filed 2026-02-12
Federal Home Loan Mortgage Corporation (Freddie Mac) ·FMCC
CEO paid only base salary under FHFA conservatorship
Financial Services · Fortune #36 · Functional structure · 8K employees · McLean, VA
View as of:
5
CEO span
↓ tighter than peers (avg 9)
2.6
Avg span
moderate
3
Max depth
3 levels
2.4 yr
Avg tenure
stable vs FY2024
40%
Internal hires
↓ below industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Net income
$10.7B
Total assets
$3497.6B
Shares out
650M
Sourced from Federal Home Loan Mortgage Corporation (Freddie Mac) 10-K · filed 2026-02-12 ↗ View on SEC
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Federal Home Loan Mortgage Corporation (Freddie Mac) organizational chart
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CEO paid only base salary under FHFA conservatorship. This page maps Freddie Mac’s functional executive structure, detailing the CEO, C-suite, key reporting lines, compensation context, recent leadership changes, and peer comparisons under federal oversight.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal James M. Whitlinger changed role as EVP & CFO
FHFA approved revised deferred compensation effective January 1, 2026.
Source · See change logScenario views in the chart
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Atlas work this supports
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The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Michael T. Hutchins
President
Executive
3 yr
3 reports
James M. Whitlinger
Executive Vice President & Chief Financial Officer
Finance
2 yr
3 reports
internal
Anil D. Hinduja
Executive Vice President & Chief Risk Officer
Risk
4 yr
3 reports
John C. Glessner
Executive Vice President, Investments & Capital Markets
Capital Markets
1 yr
2 reports
Sonu Mittal
Executive Vice President, Single-Family Acquisitions
Single-Family
2 yr
2 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 3 named executive officers disclosed. Bar length scales with total compensation.
Kenny M. Smith $25K
- Base salary
- $25K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Michael T. Hutchins $5.2M
- Base salary
- $600K
- Bonus
- $2.97M
- Non-equity incentive
- $1.47M
- Other
- $164K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
James M. Whitlinger $2.5M
- Base salary
- $600K
- Bonus
- $1.08M
- Non-equity incentive
- $690K
- Other
- $124K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Federal Home Loan Mortgage Corporation (Freddie Mac) divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Finance
800 employees
EVP & CFO (James M. Whitlinger)
Manages financial reporting, treasury, tax, and capital planning.
Risk Management
600 employees
EVP & CRO (Anil D. Hinduja)
Oversees credit, market, and operational risk across the enterprise.
Single-Family Acquisitions
1K employees
EVP, Single-Family Acquisitions (Sonu Mittal)
Leads mortgage acquisition and pricing strategy for single-family loans.
The thesis
Why this org is unusual
The most distinctive feature of Freddie Mac’s structure is that its CEO is paid only base salary, reflecting FHFA conservatorship constraints rather than market-based incentives.
The organization is functionally organized, with finance, risk, capital markets, and single-family operations reporting directly to the CEO. This keeps control centralized and aligned with regulatory oversight rather than growth or equity performance.
The President role acts as an internal integrator across operations, technology, and HR, while revenue-driving and risk-bearing functions remain separate at the EVP level. Unlike shareholder-owned peers, Freddie Mac lacks product P&L autonomy, reinforcing its policy-driven mandate.
- CEO compensation limited to base salary
- No equity incentives under conservatorship
The comparison
How Federal Home Loan Mortgage Corporation (Freddie Mac) stacks up
Compared with Fannie Mae and large commercial banks, Freddie Mac’s executive structure is narrower and more compliance-oriented. Peers typically layer incentive-heavy COOs or business-line CEOs beneath the CEO; Freddie Mac does not. Its C-suite tenure skews longer in risk and finance, reflecting regulatory continuity. …
C-suite size
Federal Home Loan Mortgage Corporation (Freddie Mac)
6
Reporting depth
Federal Home Loan Mortgage Corporation (Freddie Mac)
3 levels
4 levels
6 levels
6 levels
6 levels
Avg C-suite tenure
Federal Home Loan Mortgage Corporation (Freddie Mac)
2 yr
4 yr
7 yr
5 yr
6 yr
Has COO / Has CAIO
Federal Home Loan Mortgage Corporation (Freddie Mac) — no COO — no CAIO
Current signals
What changed recently
The most consequential change was Kenny Smith’s appointment as CEO in December 2025 under FHFA oversight.
- reorgJames M. Whitlinger EVP & CFO
FHFA approved revised deferred compensation effective January 1, 2026.
Source - new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
10-K filed 2026-02-12
- CEO
- Kenny M. Smith
- CEO span
- 5
- C-suite
- 6
- Avg tenure
- 2.4 yr
First year with Smith as CEO under continued FHFA conservatorship.
Named executive officers (6)
- Kenny M. Smith - CEO since 2025
- Michael T. Hutchins - President since 2022
- James M. Whitlinger - EVP & CFO since 2023
- Anil D. Hinduja - EVP & CRO since 2021
- John C. Glessner - EVP, I&CM since 2024
- Sonu Mittal - EVP, Single-Family Acquisitions since 2023
FY2024
10-K filed 2025-02-12
- CEO
- Diana W. Reid
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 3.1 yr
Leadership continuity with long-serving risk and finance executives.
Named executive officers (5)
- Diana W. Reid - CEO since 2021
- Michael T. Hutchins - President since 2022
- James M. Whitlinger - EVP & CFO since 2023
- Anil D. Hinduja - EVP & CRO since 2021
- Sonu Mittal - EVP, Single-Family Acquisitions since 2023
FY2023
10-K filed 2024-02-10
- CEO
- Diana W. Reid
- CEO span
- 4
- C-suite
- 4
- Avg tenure
- 3.6 yr
Smaller C-suite reflecting streamlined oversight.
Named executive officers (4)
- Diana W. Reid - CEO since 2021
- Michael T. Hutchins - President since 2022
- Anil D. Hinduja - EVP & CRO since 2021
- James M. Whitlinger - EVP & CFO since 2023
Year-over-year changes
2025 marked a CEO transition from Reid to Smith, expanding the C-suite and resetting average tenure.
- CEO span: 4 → 5
- C-suite size: 5 → 6
- Avg tenure: 3.1 → 2.4 yr
- new Kenny M. Smith - CEO (10-K filed 2026-02-12)
- departed Diana W. Reid - CEO (was CEO) (10-K filed 2026-02-12)
The board
Board of directors
4 directors. 3 of 4 independent (75%). Source: most recent DEF 14A.
Kenny M. Smith
Inside
Chief Executive Officer, Freddie Mac
Mark H. Bloom
Independent
Kathleen L. Casey
Independent
William J. Pulte
Independent
Frequently Asked Questions
Who is the CEO of Freddie Mac?
Kenny M. Smith has served as CEO since December 17, 2025.
What type of organizational structure does Freddie Mac use?
Freddie Mac operates a functional structure with centralized control under the CEO.
How many direct reports does Freddie Mac's CEO have?
The CEO has five direct executive reports.
How has Freddie Mac's leadership changed recently?
In late 2025, Kenny Smith was appointed CEO, and CFO compensation was revised in early 2026.
Does Freddie Mac have a COO?
No. Freddie Mac operates without a COO, relying instead on a President role.
Sources
- 8-K Filing, Feb 6 2026
- 8-K Filing, Dec 16 2025
- SEC EDGAR: Federal Home Loan Mortgage Corporation (Freddie Mac) DEF 14A Proxy Statement
- SEC EDGAR: Federal Home Loan Mortgage Corporation (Freddie Mac) 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Federal Home Loan Mortgage Corporation (Freddie Mac) organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/freddie-mac/MLA 9th
"Federal Home Loan Mortgage Corporation (Freddie Mac) Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/freddie-mac/. Accessed .Chicago 17
Creately. "Federal Home Loan Mortgage Corporation (Freddie Mac) Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/freddie-mac/.Original SEC source View on SEC ↗
Federal Home Loan Mortgage Corporation (Freddie Mac). 10-K. Filed 2026-02-12. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1026214/000102621426000021/fmcc-20251231.htmPermanent URL: https://creately.com/org-chart/fortune-500/freddie-mac/ · last updated 2026-04-01