Freddie Mac (FRE) Picks Ed Haldeman To Lead The Company
Freddie Mac's (NYSE: FRE) board has made Charles E. "Ed" Haldeman Jr. its prime candidate for chief executive officer, according to the WSJ and people familiar with the situation.
The expected appointment is subject to approval by the Federal Housing Finance Agency, FHFA -- which regulates Freddie Mac.
Putnam Investments announced Tuesday that Mr. Haldeman was stepping down as chairman of its Putnam Investment Management LLC unit, as president of Putnam Funds and as a trustee of the funds. Mr. Haldeman was named CEO of Putnam Investments in 2003 but relinquished that post a year ago.
Mr. Haldeman was chosen partly because he is believed to have improved morale, regulatory compliance and financial controls at Putnam Investments, according to one person familiar with the situation.
The expected appointment is subject to approval by the Federal Housing Finance Agency, FHFA -- which regulates Freddie Mac.
Putnam Investments announced Tuesday that Mr. Haldeman was stepping down as chairman of its Putnam Investment Management LLC unit, as president of Putnam Funds and as a trustee of the funds. Mr. Haldeman was named CEO of Putnam Investments in 2003 but relinquished that post a year ago.
Mr. Haldeman was chosen partly because he is believed to have improved morale, regulatory compliance and financial controls at Putnam Investments, according to one person familiar with the situation.
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Complaint
Rebecca on Mar 18, 2011 06:25 PMMark as Spam
This company is disgusting. They are only out to benefit themselves. My family and I lost our home due to one dollar! Yes, they would not refinance us because we were one dollar from where their finance committee would have liked for us to be…So we lost our home due to one dollar….My husband had gotten layed off from his job and by the time he found another we were in foreclosure, we lost our home 9 months after he found the job. Now, we are making good money, and have lost our home due to one dollar….