Abigail Johnson

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Abigail Johnson
Occupation Chief Executive and Chairman
Employer Fidelity Investments

Abigail "Abby" Johnson is the chief executive officer and chairman of Fidelity Investments. She took over the chief executive position in October 2014 from her father, Edward “Ned” Johnson III.[1] She was named the successor to her father as chairman as well in November of 2016. She is also president of FMR LLC, Fidelity's parent company. [2]

Johnson has a net worth of $9.2 billion, according to the Bloomberg Billionaires Index. She owns an estimated 24% stake in the company.

Fortune named her the ninth most powerful woman in business in 2014.[3]

Background

Born in 1961, Johnson is the eldest of Ned and Elizabeth Johnson’s three children. She grew up on Boston’s North Shore and attended the Buckingham Browne & Nichols school in Cambridge. She started at the family firm the summer before her freshman year at Hobart and William Smith, where she majored in art history. She began as a gopher, taking orders from customers by phone. After college, she spent a year as a consultant at Booze Allen Hamilton. She started full time as an analyst after receiving a Harvard MBA in 1988. She was named head of the firm’s mutual-fund unit in 2001 and put in charge of Fidelity’s retirement business in 2005. In 2007, the company also gave her oversight of corporate-retirement services and fund sales to individuals. In 2012 the company named her president overseeing asset management, retail and institutional brokerage, retirement and benefits services.[4]

Education

References

  1. Abigail Johnson Named CEO of Fidelity Investments. The Wall Street Journal.
  2. Fidelity Chief Abigail Johnson to Succeed Father as Firm’s Chairman. The Wall Street Journal.
  3. Most Powerful Women in Business. Fortune.
  4. Fidelity Names Abigail Johnson CEO to Succeed Ned Johnson. Bloomberg.