Robert Reynolds to be Putnam Investments' new CEO

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By AP
12 June 2008 @ 09:36 am EST

BOSTON - Putnam Investments said Thursday it named Robert L. Reynolds as president and chief executive, effective July 1, replacing Charles E. Haldeman, who will become chairman of Putnam Investment Management LLC.

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MMC	31.93	-0.42
PCF	7.29	-0.01

Last August, insurance broker Marsh & McLennan Cos. sold Putnam Investments to Canadian mutual fund company Great-West Lifeco Inc. for $3.9 billion in cash. Great-West Lifeco is controlled by Canada-based Power Financial Corp.

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Robert Reynolds to be Putnam Investments' new CEO

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