Fund Chief Takes Off for Boston
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Tuesday, October 08, 2002

Fund Chief Takes Off for Boston

Charles E. Haldeman Jr has resigned as president & chief executive officer of Delaware Investments and Lincoln National Investment Companies to take the position of co-head of investments at Putnam Investments. A spokesperson for Lincoln confirmed that Haldeman will leave the company next week.

Lincoln is now looking to permanently fill Haldeman's position, but the spoksperson declined to comment on the search. Haldeman commenced his stint at Delaware and Lincoln in January of 2000.

Meanwhile, Jude T. Driscoll, executive vice president and head of fixed income, has been named the interim replacement. Driscoll joined Delaware Investments in 2000 and has also served as senior vice president at Conseco Capital Management and managing director at NationsBanc Montgomery Securities, according to Lincoln.

"We wish Ed the best of luck in his new position. Clearly, Delaware has been revitalized and its struggling parts fixed, we are now firmly in a growth pattern," said Jon A. Boscia, chairman and chief executive officer of Lincoln Financial Group, in a release. "We have a strong team of investment and research professionals in place and Delaware's fund performance and net client flows have improved even in this difficult market environment."

Delaware Investments reports assets under management of approximately $85 billion as of June 30, 2002.

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