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Article: Fidelity watchers ponder succession at the family firm; Despite rumors, observers focus on the future of Ned Johnson, not Rodger Lawson.(News)
- Article from:
- Investment News
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sue Asci
Although Fidelity executives last week quelled rumors about the potential departure of president Rodger Lawson, observers noted that the larger question about the firm is who will take over when chairman and chief executive Edward C. "Ned Johnson III, 79, retires.
"Mr. Lawson is a very important person and a very powerful player. But he does not hold the same clout at the company as [Mr.] Johnson, said Matthew Noll, a senior credit officer at Moody's Investors Service of New York.
Some observers speculate that Mr. Johnson's daughter, Abigail, could be her father's successor.
She is president of Fidelity's personal and ...
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Article: Fidelity Forges Institutional Unit to Serve Trusts: Ned ...
Investment Management Weekly;
March 21, 2005 ;
680 words
... ... process of creating a self-sufficient unit and will eventually split off. During the transition period, she and Edward "Ned" Johnson III, chairman and CEO, will manage the unit until the company assembles a management team. "I believe these actions are ...
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