Simpson College Board of Trustees member named CEO of Freddie Mac
Michael DeVito to lead top U.S. mortgage finance company
Simpson College Board of Trustees member Michael DeVito was recently named CEO of the Federal Home Loan Mortgage Corporation, commonly referred to as Freddie Mac.
DeVito assumed the role at the Fortune 500 company June 1, 2021 following a search by the Freddie Mac Board of Directors. He previously spent 23 years at Wells Fargo and Company, rising to the level of Executive Vice President, Head of Home Lending.
“This is a well-deserved opportunity for a proven leader like Michael DeVito,” Simpson College President Marsha Kelliher said. “Mr. DeVito has provided invaluable guidance and support as a member of the Board of Trustees over the last seven years. The leadership and support of the entire Board allows Simpson College to deliver on its mission every day and produce graduates who lead lives of meaning and purpose.”
DeVito has served on Simpson’s Board of Trustees since 2014 and currently chairs the resource management committee. He holds a bachelor’s degree from Ithaca College.
Freddie Mac is one of the largest providers of mortgage financing in the United States.
About Simpson College
Simpson College is a private, liberal arts college located in Iowa with campuses in Indianola, West Des Moines and online. Founded in 1860, the college has 1,268 undergraduate and graduate students. Simpson offers 74 majors, minors and programs in addition to three graduate programs. Outside of the classroom, Simpson is a member of the NCAA Division III American Rivers Conference, hosts eight Greek houses on campus and sponsors many extracurricular options for student involvement.
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