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Article: FIDELITY REORGANIZES MANAGEMENT TEAM ABIGAIL JOHNSON TO RUN FAST-GROWING SERVICES DIVISION
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- May 3, 2005
- Author:
CopyrightCopyright 2005 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Fidelity Investments shuffled its management team yesterday,
reassigning the daughter of and heir apparent to chairman Edward C.
Johnson III from her role as head of its investment subsidiary to
president of another unit providing retirement products and other
services to millions of customers.
The mutual-funds giant said Abigail P. Johnson, 43, who had served
as president of Fidelity Management and Research, was appointed to
the same position at Fidelity Employer Services Co., effective
immediately. The employer services unit manages outsourcing services
to corporate clients and oversees Fidelity's massive 401(k)
retirement plan business. The unit represents 43 percent of
Fidelity's assets ...