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Article: Fidelity's Abigail Johnson to lead fund board
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- June 2, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Fidelity Investments executive Abigail Johnson is finally
replacing her father as chairman of the board - just not the board
of Fidelity.
The giant Boston investment firm said Johnson, 47, is in the
process of succeeding her father, Edward C. "Ned" Johnson III, 78,
as chairman of the board that oversees Fidelity's 161 fixed income
and asset-allocation funds, which handle about $650 billion of the
more than $1.2 trillion managed by Fidelity.
The move could stoke longstanding speculation that Fidelity is
paving the way for Abigail Johnson to eventually succeed her father
as chairman of FMR LLC, Fidelity's parent company.
The younger Johnson already runs Fidelity's personal and
workplace ...