Freddie Mac announced Friday that Frank Nazzaro has been named executive vice president and chief information officer.
Nazzaro originally joined Freddie Mac in 2018 as its chief technology officer, and has been the acting CIO since May 2019.
With over 20 years of executive experience in technology and financial services, Nazzaro will lead the information technology division.
“Frank has demonstrated that he is the right person at the right moment to deliver technology solutions that make us faster, smarter and more efficient,” said David Brickman, Freddie Mac chief executive officer. “I look forward to his leadership in creating a world class operating platform that delivers lasting benefits for our company while responsibly managing our risks.”
Before joining Freddie Mac, Nazzaro served as group vice president and chief technology officer for Travelport, where he led cloud architecture, infrastructure and operations around the globe.
Prior to that, Nazzaro served as CTO at CIT Group.
“It’s a pivotal and exciting time to be at Freddie Mac. We’re not only transforming our infrastructure and tools, we’re modernizing the way we work,” said Nazzaro. “I’m honored to have the opportunity to further advance our technology strategy, which is key to better and more resilient systems that protect our company while meeting the demands of our customers and employees.”