MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 13, 2014 Abby Takes Over, But Ned's Not Out Abby Johnson is officially taking over Fidelity [profile], though Ned Johnson isn't stepping down completely. Kirsten Grind of the Wall Street Journal reports that the Boston Behemoth revealed Abby's promotion to CEO today in an internal memo to employees of the giant mutual fund firm and 401(k) recordkeeper. Abby (Abigail Johnson), 52, succeeds her father, Ned (Edward Johnson III), 84. Yet Ned will continue to serve as chairman, and Abby will continue to serve as president of Fidelity parent FMR LLC. MFWire could not immediately reach a Fidelity spokesperson for comment on Abby's promotion. Abby has been rise at Fidelity for years. This spring the Boston Globe profiled Abby, describing her as "poised to take full control of Fidelity Investments." Printed from: MFWire.com/story.asp?s=49907 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |