Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:It's Ellyn ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 19, 2007

It's Ellyn ...

Reported by Neil Anderson, Managing Editor

It's not yet official, but observers say the heir apparent for Fidelity chairman and CEO Ned Johnson has been all but chosen. The combination of chief operating officer Bob Reynolds's retirement and Fidelity Brokerage head Ellyn McColgan's promotion signal that the choice has been made; sources think this means McColgan is in the cat bird seat.

"She's the one," one insider told The MFWire. Another source concurred, saying that Thursday's changes signal "that McColgan is the heir apparent, given the juxtaposition."

"If Abigail Johnson was going to be named as successor, this would have been a perfect time to do it," one insider observed. "She's not going to be the new Ned."

The same source opined that these shifts may been in the works for a long time, and that McColgan may even have been promised the throne from the beginning.

"It certainly seems to me that it was pre-ordained when McColgan was brought on board."

And at least one insider sees the move as a plus for Fidelity.

"She's very highly competent, by the book, phenomenally capable ... sharp as a tack and tough as a nail," the source opined. "Fidelity will be in very good hands." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use