David Kellermann
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David B. Kellermann (August 1967 – April 22, 2009) was the acting chief financial officer of
Freddie Mac The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.George Washington University The George Washington University (GW or GWU) is a Private university, private University charter#Federal, federally chartered research university in Washington, D.C. Chartered in 1821 by the United States Congress, GWU is the largest Higher educat ...
with a master's degree in finance after a B.S. in Political Science and Accounting from the
University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...
. His childhood was spent in Bay City, Michigan. He graduated from T. L. Handy High School (now T. L. Handy Middle School) in 1985.


Career

David Kellermann was named acting chief financial officer of Freddie Mac in September 2008. Kellermann was a member of the company's leadership team and reported directly to CEO David M. Moffett. As acting chief financial officer, Kellermann was responsible for the company's financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversaw 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 Gaap (also ''Tap'', ''Coap'', ''Taob'', ''Goap'') is a demon that is described in demonological grimoires such as ''the Lesser Key of Solomon'', Johann Weyer's ''Pseudomonarchia Daemonum'', and the Munich Manual of Demonic Magic, as well as Jacq ...
, 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 had 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. Kellermann was hired by
Freddie Mac The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.controller Controller may refer to: Occupations * Controller or financial controller, or in government accounting comptroller, a senior accounting position * Controller, someone who performs agent handling in espionage * Air traffic controller, a person ...
. Following the resignation of Anthony "Buddy" Piszel in September 2008, Kellermann was promoted to
senior vice president A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on ...
and acting chief financial officer, where he was responsible for financial
internal controls Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A b ...
,
financial reporting Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to un ...
, and
tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...
es. He reported directly to the
chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
. Kellermann volunteered as a member of the board of directors of the
Coalition for the Homeless A coalition is a group formed when two or more people or groups temporarily work together to achieve a common goal. The term is most frequently used to denote a formation of power in political or economical spaces. Formation According to ''A Gui ...
.


Death

One day before his death, the Freddie Mac human resources chief met with Kellermann and refused his resignation, asking him to take only a few days off instead. His duties were assigned to Denny Fox, the acting Principal Accounting Officer, and Rob Mailloux, the acting Corporate Controller. He was found dead the next day on April 22, 2009, from
hanging Hanging is the suspension of a person by a noose or ligature around the neck.Oxford English Dictionary, 2nd ed. Hanging as method of execution is unknown, as method of suicide from 1325. The ''Oxford English Dictionary'' states that hanging ...
in the basement of his home in
Vienna, Virginia Vienna () is a town in Fairfax County, Virginia, United States. As of the 2020 U.S. census, Vienna has a population of 16,473. Significantly more people live in ZIP codes with the Vienna postal addresses (22180, 22181, and 22182), bordered approx ...
. Kellermann's wife reported his death as a suicide, and officers at the scene said there were no signs of foul play. He was survived by his wife and six-year-old daughter.


References

{{DEFAULTSORT:Kellermann, David 1967 births 2009 suicides George Washington University School of Business alumni People from Vienna, Virginia Suicides by hanging in Virginia Ross School of Business alumni American chief financial officers