Fidelity Investments told cnbc Tuesday that Abigail Johnson
was promoted to run all of the company's main businesses, the strongest signal
yet that she could be the next leader of the mutual fund powerhouse founded by
her grandfather.
Abigail Johnson, 50, will continue to report to her
82-year-old father, Edward C. Johnson III, Boston-based Fidelity's chairman and
chief executive since taking over from his father in 1977. The promotion likely means Abigail Johnson
will eventually replace her father as Fidelity's chairman, ending years of
speculation about who would run the firm next, said John Bonnanzio, who edits a
newsletter for Fidelity investors. Bonnanzio said he was only surprised she had
not been given more responsibilities already…
More? Check out http://www.cnbc.com/id/48822799
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