Freddie Mac has elected Jane E. Prokop, Ph.D. to its Board of Directors. Prokop has spent nearly three decades in the financial services sector, working in areas such as fintech, product development, and business financing. She is currently EVP and Global Head of Small and Medium Enterprises at Mastercard Incorporated, where she drives innovation, strategy and product development to serve businesses worldwide.
“Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac’s mission,” said Lance Drummond, Chair of Freddie Mac’s Board of Directors. “We welcome her to Freddie Mac’s Board of Directors and look forward to benefitting from her unique perspective.”
Prokop joined Mastercard in 2021 from Principis Capital, a privately held specialty finance company serving small businesses in the United States and Canada, where she had served as CEO since 2009. Prior to joining Principis, Prokop was Chief Strategy Officer for Northern Leasing Systems from 2007-2009. She was EVP of Strategy and Planning at residential mortgage banker MortgageIT from 2004-2007, and President of MortgageIT’s Home Closer LLC division from 2002-2004. From 1999-2002, Prokop was EVP of Corporate Development at Digital Convergence Corporation, and she was an Investment Officer at AIG-Brunswick Capital Management from 1996-1999.
The GSE also recently named James Whitlinger as its new EVP and CFO. Whitlinger previously served as the company’s SVP and Single-Family CFO since 2014. He has served as Interim CFO since June of 2024, following the departure of Christian Lown, who served as CFO from June of 2020 to June 2024.
In his new role, Whitlinger will be responsible for the company’s financial controls, accounting, ESG strategy, investor relations, financial planning and reporting, tax, capital oversight, and compliance with the requirements of the Sarbanes-Oxley Act. He will also be a member of the GSE’s senior operating committee, and will report directly to Diana Reid, CEO of Freddie Mac.
