Heidrick & Struggles Places Execs at Freddie Mac

October 7, 2009 – Executive search firm Heidrick & Struggles International has placed the top two executives of government-sponsored mortgage finance company, Freddie Mac, in the past three months. The Chicago-headquartered firm recruited Charles E. Haldeman Jr., as chief executive officer and Bruce Witherell as chief operating officer. Mr. Haldeman formerly served as chairman of Putnam Investment Management, LLC, and was CEO of the company from November 2003 to June 2008. Mr. Witherell previously served as managing director and global co-head of the residential mortgage business at Morgan Stanley. "This is a critical time for Freddie Mac — its appointment of exactly the right candidates in these two key leadership roles will have a significant impact on the stabilization and recovery of the U.S. housing market," said Keith Meyer, vice chairman at Heidrick, who led the search. Freddie Mac was founded in 1970 as a government sponsored enterprise. It is estimated that one in six homebuyers got assistance from Freddie Mac. Heidrick & Struggles is a provider of senior-level executive search and leadership advisory services, including succession planning, executive assessment, talent retention management, executive development, transition consulting for newly appointed executives, and M&A human capital integration consulting.

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