MCLEAN, Va. (TheStreet) -- Freddie Mac named Ross J. Kari as its chief financial officer Tuesday, poaching the executive from Fifth Third Bancorp (FITB) - Get Report.

Freddie had been without a permanent CFO since the financial collapse last September, when the mortgage company entered government conservatorship. Tragedy struck the firm's executive suite in April, when acting CFO David Kellermann committed suicide.

Kari will officially start his job on Oct. 12 and will report to Freddie's recently appointed Chief Executive Charles Haldeman.

Previously, Kari spent only about a year as CFO of Fifth Third, a regional bank based in Cincinnati. Before that, he served as CFO of Seattle-based Safeco. He also has experience in the mortgage and housing realm, having served as chief operating officer of the government-sponsored Federal Home Loan Bank of San Francisco during the heart of the boom years, from 2002 to 2006. Prior to that, he'd spent his career at Wells Fargo, where he eventually rose to CFO.

For its part, Fifth Third named Daniel Poston as Kari's replacement.

Shares of Freddie Mac, which has obtained some $51 billion in federal aid, ended trading Tuesday at $1.98, down nearly 3%.

-- Written by Scott Eden in New York

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