Freddie Mac (FRE) Picks Ed Haldeman To Lead The Company
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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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