Freddie Mac CFO found dead in apparent suicide

Posted Apr 22nd 2009 10:10AM by Mark Fightmaster
Filed under: Management

It's times like this that all of the vitriol spewed at heads of companies seems a bit overdone. Reportedly, Freddie Mac's (NYSE: FRE) acting Chief Financial Officer, David Kellermann, has been found dead in an apparent suicide.

According to reports, Kellermann's wife found his body and alerted the authorities early this morning. While the police have yet to confirm suicide, most outlets covering the report are saying it was. And while Bloomberg is reporting the death was "unintended," it's been reported that Kellermann's wife told police it was a suicide.

Kellermann was with Freddie Mac for more than 16 years, and the 41 year old was named the company's acting CFO in September. He was also a senior vice president at the government-backed lender.

Many, including myself, have taken every opportunity to skewer members of the front offices of many mortgage and financial firms, but this is not the time. While we cannot be sure that the financial situation at the mortgage company was behind Mr. Kellermann's decision, it shouldn't matter. This was a human being who had a family, and there are times that the human side of companies is more important than the financial side -- this is one of those times.

Tags: David Kellermann, DavidKellermann, fre, freddie mac, FreddieMac, inthenews