David Kellermann
Encyclopedia
David B. Kellermann was the acting chief financial officer
of Freddie Mac in early 2009.
with a master's degree in finance
after a B.S. in Political Science and Accounting from the University of Michigan
. His childhood was spent in Bay City, Michigan. He graduated from T. L. Handy High School
(now T. L. Handy Middle School
) in 1985.
.
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
, 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 as an analyst/auditor in 1992. He worked as a corporate controller
. Following the resignation of Anthony "Buddy" Piszel in September 2008, Kellermann was promoted to senior vice president and acting chief financial officer
, where he was responsible for financial internal controls, financial reporting
, and tax
es. He reported directly to the chief executive officer
.
Kellermann volunteered as a member of the board of directors
of the Coalition for the Homeless
.
in the basement of his home in Vienna, Virginia
. 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.
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
of Freddie Mac in early 2009.
Early life
Kellermann graduated from George Washington UniversityGeorge Washington University
The George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...
with a master's degree in finance
Master of Finance
A Master of Finance is a Master's degree designed to prepare graduates for careers in financial analysis, investment management and corporate finance. An alternate degree title is Master in Finance or Master of Science in Finance...
after a B.S. in Political Science and Accounting from the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
. His childhood was spent in Bay City, Michigan. He graduated from T. L. Handy High School
T. L. Handy Middle School
T. L. Handy Middle School is a middle school of the Bay City Public Schools district in Bay City, Michigan. It is located at 601 Blend Street, Bay City, Michigan, at the corner of Blend and North Union, on the city's west side. T.L. Handy's mascot is the Wildcat. Its school colors are Red and...
(now T. L. Handy Middle School
T. L. Handy Middle School
T. L. Handy Middle School is a middle school of the Bay City Public Schools district in Bay City, Michigan. It is located at 601 Blend Street, Bay City, Michigan, at the corner of Blend and North Union, on the city's west side. T.L. Handy's mascot is the Wildcat. Its school colors are Red and...
) 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. MoffettDavid M. Moffett
David McKenzie Moffett is an American businessman and was formerly the CEO of Freddie Mac. He was previously an executive with U.S. Bancorp. He also served as senior advisor to the Carlyle Group, and has been a director at eBay since July 2007...
.
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
In demonology, Gaap is a mighty Prince and Great President of Hell, commanding sixty-six legions of demons. He is, according to The Lesser Key of Solomon, the king and prince of the southern region of Hell and Earth, and according to the Pseudomonarchia Daemonum the king of the western region and...
, 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 as an analyst/auditor in 1992. He worked as a corporate controller
Comptroller
A comptroller is a management level position responsible for supervising the quality of accounting and financial reporting of an organization.In British government, the Comptroller General or Comptroller and Auditor General is in most countries the external auditor of the budget execution of the...
. Following the resignation of Anthony "Buddy" Piszel in September 2008, Kellermann was promoted to senior vice president and acting chief financial officer
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
, where he was responsible for financial internal controls, financial reporting
Financial statements
A financial statement is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by...
, and tax
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
es. He reported directly to the chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
.
Kellermann volunteered as a member of the board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the Coalition for the Homeless
Coalition for the Homeless
…The National Coalition for the Homeless is a national network of people who are currently experiencing or who have experienced homelessness, activists and advocates, community-based and faith-based service providers, and others committed to a single mission...
.
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 hangingHanging
Hanging is the lethal suspension of a person by a ligature. The Oxford English Dictionary states that hanging in this sense is "specifically to put to death by suspension by the neck", though it formerly also referred to crucifixion and death by impalement in which the body would remain...
in the basement of his home in Vienna, Virginia
Vienna, Virginia
Vienna is a town in Fairfax County, Virginia, United States. As of the 2010 United States Census, it had a population of 15,687. Significantly more people live in zip codes with the Vienna postal addresses bordered approximately by Interstate 66 on the south, Interstate 495 on the east, Route 7 to...
. Kellermann's wife reported his death as a suicide
Suicide
Suicide is the act of intentionally causing one's own death. Suicide is often committed out of despair or attributed to some underlying mental disorder, such as depression, bipolar disorder, schizophrenia, alcoholism, or drug abuse...
, and officers at the scene said there were no signs of foul play. He was survived by his wife and six-year-old daughter.