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2026 Virginia Power 50 List: KENNY SMITH
CEO, FREDDIE MAC, McLEAN
Virginia Business //March 1, 2026//
2026 Virginia Power 50 List: KENNY SMITH
CEO, FREDDIE MAC, McLEAN
Virginia Business //March 1, 2026//
In the musical chairs game that is the Federal Home Loan Mortgage Corp.’s C-suite, Smith was named CEO in mid-December 2025. He succeeds interim CEO Michael Hutchins, Freddie Mac‘s president, who took over for Diana Reid after she was fired in the early days of President Donald Trump’s second term.
Reid herself had been at the helm of the mortgage provider, Virginia’s highest ranked company on the Fortune 500, only six months before her dismissal. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has made moves toward initiating public offerings for both entities.
Smith, a CPA who spent 27 years at Deloitte Consulting and is a Texas Tech graduate, also serves on Freddie Mac’s board. Freddie Mac was listed at No. 80 in the Fortune Global 500, with $122 billion in revenue in fiscal 2024, a 13% rise from 2023. The business was ranked No. 38 on the 2025 Fortune 500.
