Freddie Mac eyes Haldeman for CEO
The board of mortgage giant Freddie Mac has selected Putnam Investments chairman Charles E. "Ed" Haldeman Jr. as its top candidate for chief executive, according to a person knowledgeable about the company.
The news comes the day after Putnam announced that Haldeman is retiring as the Boston money manager's chairman. Haldeman was brought in seven years ago to guide Putnam after its mutual funds plummeted in the wake of the tech bubble bursting. (To read a story in today's Globe about Haldeman and Putnam, please click here.
In a memo to the staff, Putnam chief executive Robert Reynolds wrote of Haldeman: "When a company is sorely tested, as Putnam was some years back, the job of restoring investors’ trust and confidence is not easy. But Ed Haldeman’s steady hand and his commitment to integrity did help Putnam get back on track. Under his stewardship, we also secured an ideal corporate partner in Great-West LifeCo and the Power Financial Corp."
The possibility that Haldeman might become Freddie Mac's chief executive was first reported by the Wall Street Journal is reporting. The Journal cited "people familiar with the situation" as the sources for its story.
If Haldeman were to become chief executive of Freddie Mac, he would hold a job once held by Richard Syron, an economist who once led the Federal Reserve Bank of Boston.
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