Freddie Mac (FRE.P), the mortgage finance company seized by regulators in September, has chosen Charles Ed Haldeman to be the new chief executive, the company said on Tuesday.
Haldeman stepped down as head of Putnam Investments, a mutual fund company, in late June after a seven-year term.
Haldeman, 60, who joined Putnam in 2002, is credited with restoring the firm's standing with regulators after a series of trading scandals.
He has a wealth of experience in finance and an impressive record of successfully leading companies through challenging transformations, John Koskinen, Freddie Mac's interim chief executive officer, said in a statement.
Freddie Mac and it sibling agency, Fannie Mae, were seized by regulators after a deep housing downturn spooked investors and pushed the government-sponsored enterprises to the brink of collapse.
Haldeman will assume his new role in August, the company said. (Reporting by Patrick Rucker; Editing by Chizu Nomiyama)