Following
Robert Reynolds was a favorite, but he resigned his post as chief operating officer last week. Others have been betting on Johnson’s daughter, Abigail, but now that Fidelity has promoted Ellyn McColgan to oversee distribution and operations, some think she will be thrust into the vaulted position.
“The succession issue still is somewhat of an open question,” said Ben Phillips, managing director of
“I don’t think Mr. Johnson has made up his mind,” agreed Geoff Bobroff, a fund industry consultant. “This is just another team. And out of this may come a successor—or not.”
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.