By Anuradha Kher, Online News EditorMcLean, Va.–Freddie Mac’s board of directors has appointed finance industry veteran Charles E. Haldeman, Jr. as the company’s CEO and to the board of directors. Haldeman was chairman of Putnam Investment Management LLC, the investment advisor for the Putnam Funds, until June this year. Previously, he served as president and CEO of Putnam Investments. Freddie Mac expects that Haldeman’s employment and board tenure will begin in August 2009, following release of the company’s second quarter financial results. 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 non-executive chairman of the board.”Haldeman has a wealth of experience in finance and an impressive record of successfully leading companies through challenging transformations,” Koskinen says. “His commitment to our mission and his reputation for integrity and the highest professional standards will serve Freddie Mac well as it emerges from this challenging economic environment and continues to play a leading role in preserving homeownership for America’s families.””Freddie Mac has both the opportunity and responsibility to be a strong and consistent force for the stability and health of both the housing market and the general economy and I am honored to join the company and to contribute to that fundamental task,” Haldeman says. “I believe Freddie Mac is a critical part of the solution to our nation’s housing problems, and I look forward to working with the Federal Housing Finance Agency, the Administration, the housing industry and the great people at Freddie Mac to achieve our shared goals of helping to keep families in their homes and aiding the nation’s housing market as it recovers from the current downturn.”Prior to joining Putnam, Haldeman served as chairman and CEO of Delaware Investments, and as president and COO 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.Haldeman earned an M.B.A. from Harvard Business School, where he was a Baker Scholar, a J.D. cum laude from Harvard Law School, and an A.B. summa cum laude from Dartmouth College. He is a Chartered Financial Analyst (CFA). Haldeman is currently chairman of the Board of Trustees of Dartmouth College.
Charles E. Haldeman, Jr. is New CEO of Freddie Mac
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