Freddie Mac Hires Ex-Fifth Third CFO Ross Kari
Ross Kari, a veteran finance executive most recently at Fifth Third, has been appointed chief financial officer (CFO) of Freddie Mac. He will be responsible for the company’s financial controls, accounting, investor relations, financial planning and reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley (SOX). Kari will be a member of the company’s senior executive leadership team and report directly to chief executive officer Charles Haldeman, Jr.
For the past year, Kari has been the CFO of Fifth Third Bancorp. Prior to that, Kari served as executive vice president and CFO of Safeco Corporation, where he managed a team of 250 financial professionals and helped grow business line revenue while enhancing essential risk management processes. From 2002 to 2006, Kari served as executive vice president and chief operating officer (COO) for another housing government-sponsored enterprise, the Federal Home Loan Bank of San Francisco. The bulk of Kari’s career was spent at Wells Fargo from 1983 to 2001, during which time he rose from senior financial analyst to executive vice president and CFO.
Kari received a BSC degree in Mathematics and earned his MBA in Finance.