Abigail Johnson named CEO of Fidelity

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Abigail Johnson has taken another big step toward being the next leader of Fidelity Investments after the company said she will add the title of chief executive to her duties.

Fidelity Remains Family Affair

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Fidelity Investments resolved the long-running question over its succession plan by naming Abigail P. Johnson president, putting the daughter of Chairman Edward C. 'Ned' Johnson III in charge of the key businesses at the second-largest mutual-fund company in the U.S.