Executive Profile

Paul L. Joskow Ph.D. President Elect, Alfred P. Sloan Foundation

Age	Total Calculated Compensation	This person is connected to 101 Board Members in 101 different organizations across 104 different industries. See Board Relationships
65	--

Background

Dr. Paul L. Joskow, Ph.D. serves as Director of the Center for Energy and Environmental Policy Research at the Massachusetts Institute of Technology. Dr. Joskow is the Elizabeth and James Killian Professor at Economics and Management. He serves as an Independent Director at Exelon Corporation. Dr. Joskow serves as a Director of National Grid Transco. Prior to February 2002, Dr. Joskow served as a Director of State Farm Indemnity Company (an automobile insurance company). ... Dr. Joskow served as an Independent Director of TransCanada Corp., from 2004 to March 22, 2013. Prior to February 2005, he served as a Director of the Whitehead Institute for Biomedical Research (a non-profit research institution) and has been the President of the Yale University Council since 1993. Prior to March 2000, he was a Director of New England Electric System (a public utility holding company). Dr. Joskow is a Trustee at Putnam Investment Management, LLC and Putnam Managed Municipal Income Trust. He has published five books and numerous articles on topics in industrial organization, government regulation of industry, and competition policy. Dr. Joskow is active in industry restructuring, environmental, energy, competition, and privatization policies - serving as an advisor to governments and corporations worldwide. He holds a Ph.D. and M. Phil from Yale University and a B.A. from Cornell University.

Corporate Headquarters 630 Fifth Avenue New York, New York 10111-0242 United States Phone: 212-649-1649 Fax: 212-757-5117 Board Members Memberships Former Trustee Putnam Investment Management, LLC Former Trustee Putnam Municipal Income Fund Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Vt Research Fund Former Trustee Putnam Investment Funds - Putnam Balanced Fund Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Global Health Care Fund Trustee Putnam Vt New Value Fund Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam Capital Opportunities Fund Former Trustee Putnam Discovery Growth Fund Trustee Putnam VT OTC & Emerging Growth Fund Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT George Putnam Balanced Fund Former Trustee Putnam Capital Appreciation Fund Trustee Putnam Variable Trust - Putnam VT Global Utilities Fund Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT International Growth Fund Former Trustee Putnam VT Discovery Growth Fund Former Trustee Putnam Investment Funds - Putnam New Value Fund 1987-N/A Former Director, Chairman of Audit Committee, Member of Executive Committee and Member of Nominating Committee National Grid USA 1997-N/A Former Trustee, Chairman of Audit and Pricing Committee, Chairman of Communication, Service and Marketing Committee and Member of Executive Committee Putnam Master Income Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee and Member of Investment Oversight Committee B Putnam Master Intermediate Income Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Income Fund 1997-Present Trustee, Member of Contract Committee and Member of Investment Oversight Committee B Putnam Municipal Opportunities Trust 1997-N/A Former Trustee, Member of Communication, Service & Marketing Committee, Member of Executive Committee, Member of Distributions Committee and Member of Investment Oversight Committee D Putnam Municipal Bond Fund, Inc. 1997-N/A Former Trustee, Member of Executive Committee, Member of Communication, Service & Marketing Committee, Member of Investment Oversight Committee and Member of Distributions Committee Putnam New York Investment Grade Municipal Trust 1997-N/A Former Trustee, Chairman of Brokerage Committee, Chairman of Investment Oversight Committee B, Member of Investment Process Committee, Member of Executive Committee, Member of Distributions Committee and Member of Shareholder Communications & Relations Committee Putnam Investment Grade Municipal Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee and Member of Investment Oversight Committee B Putnam Managed Municipal Income Trust 1997-N/A Former Trustee, Chairman of Audit and Pricing Committee, Member of Communication, Service and Marketing Committee, Member of Distributions Committee, Member of Executive Committee and Member of Investment Oversight Committee D Putnam High Income Opportunities Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee and Member of Investment Oversight Committee B Putnam High Income Securities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Chairman of Investment Oversight Committee B, Member of Executive Committee, Member of Shareholder Communications and Relations Committee, Member of Distributions Committee and Member of Investment Process Committee Putnam California Investment Grade Municipal Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee and Member of Investment Oversight Committee B Putnam Premier Income Trust 1997-N/A Former Trustee, Member of Executive Committee, Member of Communication, Service & Marketing Committee, Member of Investment Oversight Committee D and Member of Distributions Committee Putnam High Yield Municipal Trust 1997-N/A Former Trustee, Chairman of Audit and Pricing Committee, Member of Executive Committee, Member of Investment Oversight Committee D and Member of Communication, Service and Marketing Committee Putnam Managed High Yield Trust 1997-N/A Former Trustee, Chairman of Brokerage Committee, Chairman of Investment Oversight Committee B, Member of Executive Committee, Member of Distributions Committee, Member of Investment Process Committee and Member of Shareholder Communications & Relations Committee Putnam Tax-Free Health Care Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee, Member of Investment Oversight Committee D, Member of Communications, Service & Marketing Committee and Member of Executive Committee Putnam Convertible Securities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Small Cap Growth Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam Small Cap Value Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Utilities Fund 1997-N/A Former Trustee Putnam Tax Smart Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Income Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam High Yield Advantage Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam High Yield Trust 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Floating Rate Income Fund 1997-Present Trustee Putnam Multi-Cap Growth Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee George Putnam Balanced Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT Investors Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investors Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Multi-Cap Growth Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Health Care Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee The Putnam Fund for Growth and Income 1997-N/A Former Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Vista Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam Multi-Cap Value Fund 1997-N/A Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT Vista Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust -Putnam VT Small Cap Value Fund 1997-Present Trustee Putnam Variable Trust - Putnam VT Multi-Cap Value Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam International Growth Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Natural Resources Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Capital Opportunities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Growth Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam Growth Opportunities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT Global Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Tax-Free Income Trust - Putnam Tax-Free High Yield Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT High Yield Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT International Value Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Voyager Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Voyager Fund 1997-N/A Former Trustee Putnam Classic Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment funds - Putnam Research Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Global Asset Allocation Fund 1997-N/A Former Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Growth And Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Balanced Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Conservative Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Equity Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Equity Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Variable Trust - Putnam VT Growth Opportunities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam VT Diversified Income Fund 1997-Present Trustee Putnam VT Capital Appreciation Fund 1997-N/A Former Trustee Putnam OTC & Emerging Growth Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Investment Funds - Putnam International Capital Opportunities Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Retirement Income Fund Lifestyle 3 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Diversified Income Trust 1997-Present Trustee Putnam Europe Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam International Equity Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Tax Exempt Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2045 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2050 Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2040 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Contract Committee, Member of Investment Oversight Committee D, Member of Communications, Service & Marketing Committee and Member of Executive Committee Putnam RetirementReady Funds - Putnam RetirementReady 2035 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2030 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2025 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2020 Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2015 Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam RetirementReady 2010 Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam RetirementReady Funds - Putnam Retirement Income Fund Lifestyle 1 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Arizona Tax Exempt Income Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam U.S. Government Income Trust 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam California Tax Exempt Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam New York Tax Exempt Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Massachusetts Tax Exempt Income Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Tax-Free Income Trust - Putnam AMT-Free Municipal Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Pennsylvania Tax Exempt Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam New Jersey Tax Exempt Income Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Money Market Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Tax Exempt Money Market Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam American Government Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Michigan Tax Exempt Income Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Emerging Markets Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Absolute Return 700 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Absolute Return 300 Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Absolute Return 100 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Global Telecommunication Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Global Technology Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Global Industrials Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Global Financials Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Absolute Return 500 Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Global Energy Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Global Consumer Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Capital Spectrum Fund 1997-Present Independent Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Equity Spectrum Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Dynamic Asset Allocation Equity Fund 1997-Present Trustee, Chairman of Brokerage Committee, Member of Executive Committee, Member of Contract Committee, Member of Investment Oversight Committee D and Member of Communications, Service & Marketing Committee Putnam Funds Trust - Putnam Asia Pacific Equity Fund 2000-N/A Former Non-Executive Director National Grid plc 2004-2013 Former Independent Director, Member of Audit Committee and Member of Governance Committee TransCanada Corp. 2004-Present Director TransCanada PipeLines Limited 2007-Present Independent Director, Member of Audit Committee, Member of Energy Delivery Oversight Committee, Member of Investment Oversight Committee and Member of Risk Oversight Committee Exelon Corporation Education BA Cornell University PhD Yale University Master's Degree Yale University Unknown/Other Education University of Washington Other Affiliations National Grid USA Exelon Corporation Putnam Master Income Trust TransCanada Corp. Putnam Master Intermediate Income Trust National Grid plc Putnam Investment Management, LLC Cornell University Yale University Exelon Generation Company, LLC Putnam Income Fund Putnam Municipal Opportunities Trust University of Washington TransCanada PipeLines Limited Putnam Municipal Bond Fund, Inc. Putnam New York Investment Grade Municipal Trust Putnam Investment Grade Municipal Trust Putnam Managed Municipal Income Trust Putnam High Income Opportunities Trust Putnam High Income Securities Fund Putnam California Investment Grade Municipal Trust Putnam Premier Income Trust Putnam High Yield Municipal Trust Putnam Managed High Yield Trust Putnam Tax-Free Health Care Fund Putnam Convertible Securities Fund Putnam Funds Trust - Putnam Small Cap Growth Fund Putnam Investment Funds - Putnam Small Cap Value Fund Putnam Municipal Income Fund Putnam Global Equity Fund Putnam Global Utilities Fund Putnam Tax Smart Equity Fund Putnam Global Income Trust Putnam High Yield Advantage Fund Putnam High Yield Trust Putnam Funds Trust - Putnam Floating Rate Income Fund Putnam Multi-Cap Growth Fund George Putnam Balanced Fund Putnam VT Investors Fund Putnam Investors Fund Putnam Variable Trust - Putnam VT Multi-Cap Growth Fund Putnam Global Health Care Fund Putnam Vt Research Fund Putnam Investment Funds - Putnam Balanced Fund Putnam Variable Trust - Putnam VT Global Health Care Fund The Putnam Fund for Growth and Income Putnam Vt New Value Fund Putnam Vista Fund Putnam Investment Funds - Putnam Multi-Cap Value Fund Putnam VT Vista Fund Putnam Investment Funds - Putnam Capital Opportunities Fund Putnam Variable Trust -Putnam VT Small Cap Value Fund Putnam Discovery Growth Fund Putnam Variable Trust - Putnam VT Multi-Cap Value Fund Putnam VT OTC & Emerging Growth Fund Putnam VT George Putnam Balanced Fund Putnam Investment Funds - Putnam International Growth Fund Putnam Capital Appreciation Fund Putnam Global Natural Resources Fund Putnam Variable Trust - Putnam VT Capital Opportunities Fund Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Growth Fund Putnam Investment Funds - Putnam Growth Opportunities Fund Putnam VT Global Equity Fund Putnam Tax-Free Income Trust - Putnam Tax-Free High Yield Fund Putnam Variable Trust - Putnam VT High Yield Fund Putnam Variable Trust - Putnam VT International Value Fund Putnam Voyager Fund Putnam Variable Trust - Putnam VT Voyager Fund Putnam Variable Trust - Putnam VT Global Utilities Fund Putnam Classic Equity Fund Putnam Investment funds - Putnam Research Fund Putnam Variable Trust - Putnam VT Income Fund Putnam Variable Trust - Putnam VT Global Asset Allocation Fund Putnam VT International Growth Fund Putnam Variable Trust - Putnam VT Growth And Income Fund Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Balanced Fund Putnam Asset Allocation Funds - Putnam Dynamic Asset Allocation Conservative Fund Putnam Variable Trust - Putnam VT Equity Income Fund Putnam Equity Income Fund Putnam VT Discovery Growth Fund Putnam Variable Trust - Putnam VT Growth Opportunities Fund Putnam Investment Funds - Putnam New Value Fund Putnam VT Diversified Income Fund Putnam VT Capital Appreciation Fund Putnam OTC & Emerging Growth Fund Putnam Investment Funds - Putnam International Capital Opportunities Fund Putnam Funds Trust - Putnam Retirement Income Fund Lifestyle 3 Putnam Diversified Income Trust Putnam Europe Equity Fund Putnam International Equity Fund Putnam Tax Exempt Income Fund Putnam RetirementReady Funds - Putnam RetirementReady 2045 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2050 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2040 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2035 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2030 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2025 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2020 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2015 Fund Putnam RetirementReady Funds - Putnam RetirementReady 2010 Fund Putnam RetirementReady Funds - Putnam Retirement Income Fund Lifestyle 1 Putnam Arizona Tax Exempt Income Fund Putnam U.S. Government Income Trust Putnam California Tax Exempt Income Fund Putnam New York Tax Exempt Income Fund Putnam Massachusetts Tax Exempt Income Fund Putnam Tax-Free Income Trust - Putnam AMT-Free Municipal Fund Putnam Pennsylvania Tax Exempt Income Fund Putnam New Jersey Tax Exempt Income Fund Putnam Money Market Fund Putnam Tax Exempt Money Market Fund Putnam American Government Income Fund Putnam Michigan Tax Exempt Income Fund Putnam Funds Trust - Putnam Emerging Markets Equity Fund Putnam Funds Trust - Putnam Absolute Return 700 Fund Putnam Funds Trust - Putnam Absolute Return 300 Fund Putnam Funds Trust - Putnam Absolute Return 100 Fund Putnam Global Telecommunication Fund Putnam Funds Trust - Global Technology Fund Putnam Funds Trust - Global Industrials Fund Putnam Funds Trust - Putnam Global Financials Fund Putnam Funds Trust - Putnam Absolute Return 500 Fund Putnam Funds Trust - Putnam Global Energy Fund Putnam Funds Trust - Putnam Global Consumer Fund Putnam Funds Trust - Putnam Capital Spectrum Fund Putnam Funds Trust - Putnam Equity Spectrum Fund Putnam Funds Trust - Putnam Dynamic Asset Allocation Equity Fund Putnam Funds Trust - Putnam Asia Pacific Equity Fund

Annual Compensation There is no Annual Compensation data available. Stocks Options There is no Stock Options data available. Total Compensation There is no Total Compensation data available.

COMPETITOR COMPENSATION

There is no Competitor Compensation data available.