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Administration March 12, 2007
Abigail Johnson Steps Down from Fidelity Board
December 27, 2005 (PLANSPONSOR.com) - Abigail
Johnson will step down from the board that oversees Fidelity
Investment's mutual funds.
Reported by Rebecca Moore
Reuters reports that Johnson is stepping down because she is no longer involved in the day-to-day money management business, according to a company spokeswoman.
In a company reorganization in May, Johnson was removed as president of Fidelity Management & Research Company and named president of Fidelity Employer Services Company (See Abigail Johnson Moves to FESCO in Sweeping Fidelity Reorganization).
Johnson is the daughter of Fidelity Chairman and CEO Edward Johnson, and is expected to someday inherit her father’s position.