Putnam chairman Haldeman resigns, top candidate for Freddie Mac job - Business First of Buffalo:

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Haldeman's appointment to Freddie Mac would requirw approval bythe . Haldeman's retirement Tuesdah from Boston-based Putnam ended a tenure that witnessed a sharlp decline inassets - to the tune of tens of billionsd of dollars - at the mutual fund Putnam described Haldeman’s departure as a retiremengt that will clear the way for CEO Roberty Reynolds to become president of Putnam The position of chairman of Putnam Investmenr Management LLC will not be filled, the company In a statement, Haldeman said when Putnam agreed to be acquired by Canada’ds in January 2007, he committed to stay with the mutual fund company until June 30, 2008.
“Mu agreement was extended, and it is now almost two and a half yearsa since the sale of Putnamwas announced,” Haldemanb said in a presas release. “Bob Reynolds is doing a great jobas CEO. This is a good time for me to advanc to the next stage ofmy career.” Before joining Putnam Investments in 2002, Haldemanm served as CEO of Delaware Investments, and earlier as presidenyt and chief operating officer of Unitec Asset Management. Prior to these positions, he was a partnert and director of the investmenf management firm ofCooke & Bieler Inc. Former parent Cos. Inc. sold Putnajm for $3.9 billion to a division of Powee Corp.
At that time, the mutual fund company had about $192 billion in assets under management. At the end of May Putnam Investmentshad $102 billion in assetsa under management. Mutual fund assets were $55 billion.