The day many have been waiting for is finally at hand — Fidelity Investments has named Abigail “Abby” Johnson chief executive. The announcement was reported in The Wall Street Journal, citing an internal memo sent by the mutual fund giant on Monday, Oct. 13.
Johnson, 52, will take over the position from her father, Edward “Ned” Johnson III, who is 84 years old and has been CEO since 1977. Johnson pere, whose father founded the company in 1946, will remain chairman, according to the report.
Abigail Johnson currently holds the position of president of FMR LLC, the parent company of Fidelity Investments, and she will keep that role.
