David Kellermann

David Kellermann

David Kellermann, 41, was found dead in his suburban Virginia home in an apparent suicide April 22, 2009. He was the chief financial officer for ailing mortgage giant Freddie Mac.

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Freddie Mac CFO David Kellermann Found Dead
David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.
David Kellermann
Mary Ann Jennings, director of public information for the Fairfax County, Va., Police Department, said Kellermann was found dead in his Reston, Va., home. The 41-year-old Kellermann has been Freddie Mac's chief financial officer since September.

Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn't appear to be any sign of foul play.

McLean-based Freddie Mac has been criticized heavily for reckless business practices that some argue contributed to the housing and financial crisis. Freddic Mac is a government-controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.

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ALL BUSINESS: Generous pay for new Freddie Mac CFO

From:   www.ap.org
The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. The government-controlled mortgage finance company is giving CFO Ross Kari compensation worth as much as $5.5 million. That includes an almost $2 million cash signing bonus and a generous salary that could top $2.3 million. The Federal Housing Finance Agency, which oversees Freddie Mac, approved the pay package. A spokeswoman pointed to a statement that justified the agency's approval of the pay, which was done in part because the amount ... Read Full Story

Freddie Mac Acting CFO David Kellermann Found Dead

Written by chero on
Freddie Mac Acting CFO David Kellermann Found Dead (Update6) April 22 (Bloomberg) -- Freddie Mac Acting Chief Financial Officer David Kellermann, 41, was found dead early today in the basement of his home in a Washington suburb, police said. There were no signs of foul play, and the death is under investigation, Fairfax County, Virginia, Police Officer Shelley Broderick said. She said early reports from others in the department indicated Kellermann’s wife reported a suicide. The medical examiner’s office said it’s conducting an autopsy, and the results may be released as soon as today. “He was a hard worker, good guy and had a ... Read Full Story

Freddie Mac CFO to receive $5.5M pay package

From:   www.ap.org
Freddie Mac's new chief financial officer, lured from the banking industry this month, is receiving a pay package worth up to $5.5 million. The government-controlled mortgage finance company tapped Ross Kari for the position on Sept. 22. He had previously been serving as CFO for Fifth Third Bancorp in Cincinnati. The company disclosed in a Securities and Exchange Commission filing Thursday that Kari, 51, would make up to $3.5 million a year, including incentive payments, plus a signing bonus of about $2 million. Kari's bonus and salary were approved by the Federal Housing Finance Agency, which regulates Freddie Mac. Stefanie Mullin, a spokeswoman for ... Read Full Story

Freddie Mac CFO David Kellerman, apparent suicide

Written by ericdondero on
Under Fire for accepting large taxpayer-subsidized Bonus The Nation's Capitol is waking up to a shocking suicide. A key figure in the Federally-backed mortgage lending giant Freddie Mac, is dead of an apparent suicide. WUSA Radio via The Business Insider is reporting the following: David Kellermann, Acting Chief Financial Officer and Senior Vice President of Freddie Mac, was found dead this morning. Fairfax County Police officials tell 9NEWS NOW they responded to his home around 5 a.m. after his wife alerted them to his suicide. Kellermann was 41 years old. According to Freddie Mac's website, Kellerman was with Freddie Mac for more than 16 ... Read Full Story

Real Estate Investing - Freddie Mac CFO found dead

Written by cashflowrealestate on
Acting Freddie Mac CFO found dead April 22, 2009 - 12:22pm The home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is seen in Vienna, Va., Wednesday, April 22, 2009, after he was found dead at his home Wednesday morning in what police said was an apparent suicide. (AP Photo\Luis M. Alvarez) VIENNA, Va. — David Kellermann, acting chief financial officer of Freddie Mac, was found dead in his Hunter Mill Estates home Wednesday morning in what police say was an apparent suicide.Fairfax County Police spokeswoman Mary Anne Jennings tells WTOP police responded to the Kellermann home after family members ... Read Full Story
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GENEROUS PAY for new Freddie Mac CFO. “The government-controlled...
GENEROUS PAY for new Freddie Mac CFO. “The government-controlled mortgage finance company is giving CFO Ross Kari compensation worth as much as $5.5 million. That includes an almost $2 million cash signing bonus and a generous salary that could top $2.3 million.” It’s okay to pay him a lot. He works for [...]Say Anything (subscribe) : New Freddie Mac CFO Will Make $5 Million In His First Year ...South Bend Seven (subscribe) : Executive pay and...  
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$5.6 Million For Freddie Mac CFO?
Kenneth Durden, a libertarian-conservative blogger, writes: "As politicians in Washington raise cain and move to control salaries in the financial sector, amazingly, government-controlled Freddie Mac is giving its new CFO Ross Kari $5.6 million in compensation. Once more, it looks like government and those with connections in government play by a different set of rules."  
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ALL BUSINESS: Generous pay for new Freddie Mac CFO
ALL BUSINESS: Generous pay for new Freddie Mac CFOThe Associated PressActing CFO David Kellermann committed suicide in April. Given the close government control over Freddie Mac, the pay package for its new CFO could have been ...Freddie Mac's CFO's pay package sends the wrong messageDaily Finance (blog)all 178 news articles »  
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Wenn Bosse am Leben scheitern
Wenn Bosse am Leben scheiternWiener ZeitungAus Verzweiflung schied auch David Kellermann, der erst seit September vorigen Jahres amtierende Finanzchef der schwer angeschlagenen US-Hypothekenbank ...  
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David Kellermann


Early life

Kellermann graduated from George Washington University with a master's degree in finance and from the University of Michigan.

Career

Kellermann was hired by Freddie Mac as an analyst/auditor in 1992. He worked as a corporate controller. Following the resignation of Anthony "Buddy" Piszel in September 2008, Kellermann was promoted to senior vice president and acting chief financial officer, where he was responsible for financial internal controls, financial reporting, and taxes. He reported directly to the chief executive officer.

Kellermann volunteered as a member of the board of directors of the Coalition for the Homeless.

Death

He was found dead from hanging in the basement of his home in Reston, Virginia, on April 22, 2009. Kellermann's wife reported his death as a suicide, and officers at the scene said there were no signs of foul play.

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David Kellermann, Freddie Mac Acting CFO, Found Dead
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David Kellermann - LinkedIn
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Freddie Mac Biography: David Kellermann
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Freddie Mac CFO dead of apparent suicide - Salon
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