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Fidelity Investments names Abigail Johnson as CEO

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Fidelity Investments names Abigail Johnson as CEO

NEW YORK (AP) — Fidelity Investments named Abigail Johnson chief executive of the financial services company, the third CEO of the company founded by her grandfather.

Johnson, 52, is replacing her father, 84-year-old Edward Johnson, who has been CEO of Fidelity since 1977. He will stay on as chairman of the company’s board.

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