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Appointment of New Freddie Mac Chairman Applauded

The appointment of Richard F. Syron as the new chairman and chief executive officer of Freddie Mac was applauded by NAHB.

“Richard Syron is well qualified for the top job at Freddie Mac,” said NAHB President Kent Conine. “He has the experience, credentials and confidence of his peers in the financial marketplace to handle the management, financial and public policy issues currently confronting Freddie Mac. We look forward to working with him.”

Conine added that “as the debate over the regulatory oversight of the GSEs moves into the second session of the 108th Congress, it is important to have someone of Richard Syron’s stature at the helm of Freddie Mac during this critical period.”

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Syron moves over from his position as the executive chairman of Thermo Electron Corporation to succeed Gregory J. Parseghian as CEO of Freddie Mac. He is expected to assume his new responsibilities before the end of the year.

Before joining Thermo Electron in 1994, Syron served as chairman and CEO of the American Stock Exchange for five years.

He was president of the Federal Reserve Bank of Boston from 1989 to 1994 and president of the Federal Home Loan Bank of Boston from 1986 to 1988. Before that, he served as an assistant to then-Federal Reserve Chairman Paul Volcker and as a deputy assistant secretary at Treasury. He is a graduate of Boston College and earned his doctorate in economics at Tufts University.
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