United States, Businessman June 29, 1930 – March, 23, 2022.
Edward Crosby "Ned" Johnson III was an American investor and businessman who, along with daughter Abigail Johnson, owns and runs Fidelity Investments and Fidelity International. He currently resides in Boston.
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.
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.
If there was a simple formula for success and it was easy to follow, everyone would be doing it.
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