Freddie Mac Taps Kenny Smith as CEO With 2026 IPO Possible (1)

Mortgage giant Freddie Mac announced that Kenny M. Smith will be its chief executive officer effective Dec. 17, putting the former Deloitte Consulting LLP vice chairman in a critical position ahead of a long-promised share sale by the Trump administration.

Smith spent 27 years at Deloitte, including five years as vice chairman, US Financial Services Industry Leader, Freddie Mac said in a statement Tuesday. He will replace interim CEO Michael Hutchins, who will continue in his role as president.

“Freddie Mac plays a vital role in the nation’s housing finance system, and I look forward to working with our talented ...