Freddie Mac Names Charles Haldeman CEO

Posted by Orb Staff on July 21, 2009 No Comments
Categories : Residential Mortgage

e Mac has finished its search for a CEO, landing on finance industry veteran Charles E. Haldeman Jr. Haldeman's appointment had been widely anticipated following his resignation as chairman of Putnam Investment Management June 30. Before serving in that capacity, Haldeman was CEO and president of Putnam Investments, the investment advisor for Putnam Funds. He will succeed John A. Koskinen, who has been serving as Freddie Mac's interim CEO since March 2009. Koskinen will resume his previous position as nonexecutive chairman of the board. ‘I am delighted to have an executive of Ed's caliber leading Freddie Mac at this critical time,’ Koskinen said in a Freddie Mac statement. ‘He has a wealth of experience in finance and an impressive record of successfully leading companies through challenging transformations." Haldeman was appointed Putnam's CEO in 2003, following a series of probes into the company's business practices. While there, he helped reorganize the company and improve its compliance. Based on that success, CFA Magazine named him ‘One of the Most Influential CFA Institute Members’ in December 2006, citing his personal commitment to fiduciary duty, his work to restore Putnam's reputation and his creation of an organizational culture that reinforced trust in the firm. Prior to joining Putnam, Haldeman served as chairman and CEO of Delaware Investments, and as president and chief operating officer of United Asset Management Corporation (UAM). He began his career at Cooke & Bieler, Inc., an affiliate of UAM, in 1974, where he held a series of senior executive positions. SOURCE: Fred

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