David Kellermann, mortage giant Freddie Mac’s acting CFO, was found dead at his home at Fairfax County, Vienna, Virginia on Wednesday morning. David Kellermann, 41, committed suicide. Apparently, Kellermann hanged himself at the home basement. It’s unknown what’s the motive why David Kellerman took his own life.
Washington Post–The acting chief financial officer of troubled mortgage giant Freddie Mac was found dead in his Fairfax County home early this morning after apparently committing suicide, Fairfax police said.
David Kellermann, 41, was a longtime Freddie Mac executive who joined the firm as an analyst in 1992. Police were called to his stately red brick home in the upscale Hunter Mill Estates subdivision shortly before 5 a.m., police spokesman Eddy Azcarate said. The call was made by someone inside the home, which is on a tree-studded corner lot in the 1700 block of Raleigh Hill Road.
Azcarate said Kellermann’s body was found in the basement. There was no immediate information about whether he left a suicide note, or what may have prompted him to take his own life.
CNN is reporting both of Kellermann’s company and Treasury Secretary Tim Geithner offered their condolences:
“The Freddie Mac family is truly saddened by the news this morning of David Kellermann’s death,” Freddie said in a statement. “His extraordinary work ethic and integrity inspired all who worked with him. But he will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit.”
Treasury Secretary Tim Geithner, whose office works closely with Fannie and Freddie, also offered condolences.
“On behalf of the Treasury family, we are deeply saddened by the news this morning of David Kellermann’s death,” Geithner said. “Our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time.”
David Kellerman biography on FreddieMac.com
David Kellermann was named acting chief financial officer in September 2008. Kellermann is a member of the company’s leadership team and reports directly to CEO David M. Moffett.
As acting chief financial officer, Kellermann is responsible for the company’s financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversees the company’s annual budgeting and financial planning processes.
Prior to this role, he served as senior vice president, corporate controller and principal accounting officer. In this position, his primary responsibility was to support the business with the production of timely, accurate, and well-controlled GAAP, fair value and segment earnings financial statements and external disclosures.
Before that, Kellermann served as the senior vice president and business area controller. As business area controller, he led the organization responsible for all accounting and finance for Freddie Mac’s lines of business.
Kellermann has been with Freddie Mac for more than 16 years. He began as a financial analyst/auditor in 1992, worked for several years in the company’s securities sales and trading unit, and has served in a variety of positions in the company’s capital markets division, most recently serving as vice president strategy execution and integration and the Investments and Capital Markets division controller.
He holds a M.S. in Finance from George Washington University and a B.S. in Political Science and Accounting from the University of Michigan. Kellermann is a volunteer board member of the D.C. Coalition for the Homeless.
R.I.P! Our condolences to all those who were affected by the loss of David Kellermann!
#Permalink Tags: David Kellermann, Death, Freddie Mac, R.I.P, Tim Geithner
