Freddie Mac (OTC:FMCC) Appoints Subha V. Barry As Chief Diversity Officer

Freddie Mac (OTC:FMCC) has appointed Subha V. Barry to the position of chief diversity officer (CDO).

Barry will become the head of Freddie Mac’s new Office of Diversity and Inclusion, and will be in charge of the combined functions of Diversity and Inclusion and Supplier Diversity. She will also be responsible for developing business strategies focused on the needs of a diverse workforce, ensuring the company is effectively utilizing the diverse range of talent available, improve the annual diversity planning process and manage performance against the company’s diversity plans.

Barry will also be tasked with designing and launching the new Executive Diversity Council. She will report directly to CEO Charles E. “Ed” Haldeman, Jr., with whom she will jointly lead the Executive Diversity Council, and will be a member of Freddie Mac’s management committee. In addition, Barry will work with Freddie Mac’s business units to ensure the maximization of opportunities in diverse market segments.

“Creating the Office of Diversity and Inclusion and having someone of Subha’s talent and experience in this new executive position is a critical step in Freddie Mac’s forward progress,” said Haldeman. “As a company devoted to creating housing opportunities for individuals and families from all backgrounds and walks of life, it’s essential that Freddie Mac - through our employee base and network of suppliers - reflect the many varied communities whom we serve and from which we recruit our employees.”

Barry joins Freddie Mac (OTC:FMCC) from Merrill Lynch & Co., Inc., where she most recently served as managing director, global head of Diversity & Inclusion.