The Investment Company Institute has named Gregory Johnson, president and chief executive officer of Franklin Resources as chairman for a one-year term. As chairman, Johnson will oversee ICI’s board of governors, which sets policies and oversees the institute.

“Greg Johnson is recognized and respected throughout our industry,” said ICI President and CEO Paul Stevens. “He is superbly suited to the role of the Institute’s chairman. I am truly delighted at his election and look forward to working closely with him and with our outstanding board of governors.”

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