In the wake of the departure of its president, Rodger Lawson, Fidelity Investments may fill the position with two executives,
Bloomberg reported.
One would head asset management and another would oversee the company’s brokerage and retirement divisions, according to the report.
Chairman and CEO Edward C. “Ned” Johnson III, who turns 80 in June, “has given no indication that he plans to retire soon, and has left open the question of who would succeed him. His daughter Abigail P. Johnson, 48, leads fund sales to individuals and corporate retirement services,” Bloomberg reported.
Fidelity has interviewed at least three external candidates over the past several months to fill the vacancy left by Lawson’s departure…. In an interview in January, Lawson said it was possible that Fidelity’s new leadership would come out of the firm’s nine-member executive committee, which includes Abigail Johnson; Jacques Perold, asset-management chief; and Anthony Ryan, chief administrative officer.
(Source: Bloomberg, April 15, 2010.)
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