Freddie Mac Elevates Technology Leadership: Frank Nazzaro Takes Helm as Chief Information Officer

Frank Nazzaro has been promoted to executive vice president and chief information officer at Freddie Mac, marking a significant move in the organization’s ongoing digital transformation. The appointment consolidates his existing role as Acting CIO, which he has held since May 2019, into a permanent position. As a member of the senior operating committee, Nazzaro will report directly to CEO David Brickman.

Strategic Technology Overhaul

The promotion underscores Freddie Mac’s commitment to modernizing its technology infrastructure. Since joining the mortgage finance giant in 2018 as Chief Technology Officer, Nazzaro has been instrumental in reshaping the company’s IT landscape. His new position as CIO grants him authority over the entire Information Technology division and responsibility for setting the company-wide technology strategy, encompassing employee technology experience and operational efficiency improvements.

Proven Track Record in Financial Services Technology

Nazzaro brings over 20 years of executive-level experience spanning technology innovation and financial services. His career trajectory demonstrates expertise in scaling complex IT environments. At Travelport LLC, he served as Group Vice President and Chief Technology Officer, where he architected global cloud infrastructure and managed worldwide operations. Prior to that role, he held the position of CTO at CIT Group, further solidifying his credentials in the financial sector.

Vision for Resilient Infrastructure

Nazzaro’s appointment reflects the urgency of building faster, smarter, and more resilient technology platforms in today’s competitive financial landscape. His leadership is positioned to accelerate Freddie Mac’s evolution toward a modernized operating platform. The focus encompasses not just infrastructure upgrades, but also enhancing how the organization operates—aligning technology capabilities with customer and employee expectations while maintaining rigorous risk management standards.

CEO David Brickman emphasized the strategic importance of this transition, noting that Nazzaro’s proven ability to deliver transformative technology solutions makes him the right leader for this pivotal moment in the company’s evolution.