Putnam names Robert Reynolds chief executive

Putnam Investments named former Fidelity Investments executive Robert L. Reynolds chief executive officer. He will succeed Charles “Ed” Haldeman, who was named chairman of Putnam Investment Management LLC.

The changes take effect July 1. Reynolds previously served as chief operating officer at Fidelity, a post he vacated in April 2007 after 23 years with the company.

“For more than two decades, I have known Putnam as a formidable and respected investment management company, and, quite frankly, a very tough competitor,” Reynolds said in a statement.

Click here to read the statement.

(Danielle Kost, Boston.com)