Fidelity Gives Johnsons New FMR Board Posts

Fidelity Investments has named the son of Chairman Edward C. Johnson III, Edward C. Johnson IV, a member of the FMR Corp. fund board and promoted his daughter, Abigail Johnson, who already was a director, to serve as one of the board's three vice chairmen. Fidelity revealed the new posts, which became effective last April, in its newly released annual report. Industry insiders say the positions will give the Johnson family more influence on the future of the company, whose stock is evenly divided between employees and the Johnsons.

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