Quotes by: Edward Johnson, III
|Edward Johnson III
June 29, 1930 |
||Boston, Massachusetts, U.S.
||Milton Academy and Tabor Academy
||Chairman Emeritus, Fidelity Investments
||$7.5 billion(February 2016)
||Abigail Johnson, Elizabeth L. Johnson, Edward Johnson IV
||Edward C. Johnson II
Abby Johnson has agreed to become Chief Executive Officer of Fidelity, reflecting a further step forward in our leadership succession plan. Abby will retain her role of President, and I will continue to serve as Chairman of the Board.
Fidelity does have a succession plan in place to ensure a smooth transition.
I would expect the family would continue to play a critical role in leading Fidelity. However, the company does not necessarily have to be run day-to-day by a family member. It will be run by the person who is determined to have the right skills and chemistry.