Putnam Investments announced today that Charles E. “Ed” Haldeman Jr. is retiring from his leadership positions at the Boston firm.
He is stepping down as chairman of Putnam Investment Management LLC, president of the Putnam Funds, and as a trustee of the Putnam Funds, the company said in a statement.
Robert L. Reynolds, president and chief executive officer of Putnam Investments and a trustee of the Putnam Funds will replace Mr. Haldeman as president of the Putnam Funds, the firm announded in a statement.
The position of chairman of Putnam Investment Management LLC will remain vacant.
“Ed Haldeman joined Putnam Investments during some very challenging times and his steady leadership helped keep the company on course,” Mr. Reynolds said.