After much speculation, Fidelity Investments announced that its president, Rodger A. Lawson, will retire at the end of the quarter after two-and-one-half years on the job.
The big question now is who, or if, anyone will replace him? “I think the issue will have to be worked out whether or not his position will be filled,” said Geoffrey Bobroff of Bobroff Consulting in East Greenwich, R.I. “Fidelity has functioned without his position in the past. Lawson has brought in talent and talent has been promoted during his tenure and one would assume the company could function quite nicely with that talent in place without filling his job.” Edward C. Johnson 3rd, 79, remains chief executive officer and chairman of the Boston-based fund company, a position he has held since 1977. Speculation has been swirling about who will replace Johnson when the time comes, with his daughter, Abigail Johnson, the most likely contender.
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