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01 July 2009 @ 01:27 pm
Putnam Chairman Charles "Ed" Haldeman stepping down  

(PUTNAM, HALDEMAN, COMPANY, PRESIDENT, BILLION, REYNOLDS)


NEW YORK (Reuters) - Putnam Investments said Charles "Ed" Haldeman Jr. will step down on Tuesday as chairman of the Boston investment company, ending a turbulent seven-year run at the firm. Haldeman, 60, who joined Putnam in 2002 and ran it as president and chief executive from 2003 until last year, is the prime candidate for the chief executive post at government-backed mortgage company Freddie Mac (FRE.N), the Wall Street Journal reported, citing people familiar with the situation. Officials at Freddie Mac could not be reached for comment. Haldeman was credited with restoring the firm`s stan... read more