After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles "Ed" Haldeman has stepped down from his positions as chairman of Putnam Investment Management, president of the Putnam Funds and member of Putnam Funds' board of trustees, Putnam said Tuesday.

Putnam President and CEO Robert L. Reynolds will replace Haldeman as president of the Putnam Funds, but the position of chairman of Putnam Investment Management will not be replaced.

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