Freddie Mac announced on May 14 the appointment of John Krenitsky as senior vice president and chief compliance officer.

He will fully transition to the position on June 1, 2018, following the retirement of current Chief Compliance Officer Carol Wambeke. As chief compliance officer, Krenitsky will oversee and manage Freddie Mac’s compliance with legal and regulatory requirements and related controls that govern the company’s business activities.

Krenitsky brings with him extensive experience in managing compliance programs gained from over two decades working in the global financial services industry. He joins Freddie Mac from Discover Financial Services, where he managed an enterprise-wide compliance risk program as chief compliance officer. Prior to that, he was chief compliance officer for BNP Paribas subsidiaries, including BancWest and Bank of the West. Krenitsky also spent 13 years working for M&T Bank, first as a deputy general counsel and then as chief compliance officer.