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Tuesday, October 14, 2014

Spotlight On Abby

News summary by MFWire's editors

After years of ascending at Fidelity [profile], Abby Johnson is on top and in the spotlight.

No one in the press showed any surprise yesterday when news broke that 52-year-old Abby is taking over as CEO from her 84-year-old father. Employees at the Boston Behemoth found out via an internal memo, and word soon made it to the press. A host of national, local and financial press covered news of Abby's ascension, with Vicktor Reklaitis and Mark DeCambre of MarketWatch offering perhaps the most provocative headline: "Abigail Johnson: The most powerful woman in finance?"

Here's some of the other headlines, complete with links. (And remember, you can always check out the MFWire news feed at MFWire.com/News to see more recent mutual fund-related news from the around the internet.)

"Fidelity Keeps It in the Johnson Family", Barron's;

"Fidelity Names Abigail Johnson CEO to Succeed Ned Johnson", Bloomberg;

"Abigail Johnson named CEO of Fidelity parent FMR LLC; Ned will remain chairman", the Boston Business Journal;

"Abigail Johnson named CEO of Fidelity", the Boston Globe;

"Fidelity promotes Abigail Johnson to CEO", the Financial Times;

"Abigail Johnson Replaces Father Edward As CEO Of Fidelity", Forbes;

"Power Woman Abigail Johnson Named CEO Of Fidelity Investments", Forbes again;

"Abigail Johnson named CEO of Fidelity Investments", Fortunes;

"Abigail Johnson Named to Top Post at Fidelity", the New York Times;

"Abigail Johnson succeeds father as CEO of Fidelity Investments", Pensions & Investments;

"Fidelity's Abigail Johnson gains CEO title from her father", Reuters; and

"Abigail Johnson Named CEO of Fidelity Investments", the Wall Street Journal

Edited by: Neil Anderson, Managing Editor

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