Industry News

Freddie Mac recruits new COO from Health Net Inc.

'Buddy' Piszel will oversee mortgage repurchaser's finances

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Freddie Mac has lured Anthony S. "Buddy" Piszel away from Health Net Inc. to become the government-sponsored mortgage repurchaser's chief financial officer. Piszel, 51, has been named executive vice president and CFO effective Nov. 13. He will report directly to Freddie Mac president and chief operating officer Eugene M. McQuade. Piszel has served as executive vice president and chief financial officer for Health Net, a managed health care company, since August 2004. The former auditor and Prudential Financial Inc. executive was responsible for all of Health Net's finances, including accounting, risk management and financial planning. He holds a master's of business administration in accounting from Golden Gate University and a bachelor's degree in economics from Rutgers University. Freddie Mac and Fannie Mae are still working to put their books in order in the wake of management and accounting scandals that led both companies to fire top executives and restate earnings by a combined...