After postponing his retirement following the sale of
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.
Ed Haldeman joined Putnam Investments during some very challenging times, and his steady leadership helped to keep the company on course, Reynolds said. As he retires, Id like to thank him on behalf of the entire Putnam organization for his years of dedicated service to the company. We wish him the very best for the future.
When we agreed to sell Putnam to Power Financial Corporation in January 2007, I committed to stay at Putnam until June 30, 2008, said Haldeman, 60. My agreement was extended, and it is now almost two and a half years since the sale of Putnam was announced. Power Financial has been a great owner and continues to invest in the business. Bob Reynolds is doing a great job as CEO. This is a good time for me to advance to the next stage of my career. Ill always be grateful for the opportunity to have worked with so many dedicated and talented professionals.
Prior to joining Putnam Investments in 2002, Haldeman served as CEO of
He currently serves as chairman of the Board of Trustees of