Abigail Johnson

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Abigail Johnson
Abigail Johnson at the Boston Convention and Exhibition Center on April 24, 2012.jpg
Abigail Johnson at the Boston Convention and Exhibition Center on April 24, 2012
Born Abigail Pierrepont Johnson
(1961-12-19) December 19, 1961 (age 56)
Residence Boston, Massachusetts, U.S.
Citizenship American[1]
Alma mater William Smith College
Harvard University
Occupation Chairman, CEO and President, Fidelity Investments
Chairman, Fidelity International
Net worth US$16.5 billion (January 2018)[2]
Spouse(s) Christopher John McKown (m. 1988)[3][4]
Children 2[1][4]
Relatives Edward C. Johnson II (grandfather), Edward C. Johnson III (father), Edward C. Johnson IV (brother),[5] Elizabeth Johnson (sister)

Abigail Pierrepont Johnson[3] (born December 19, 1961) is an American businesswoman. Since 2014, Johnson has been president and chief executive officer of US investment firm Fidelity Investments (FMR),[6] and chairman of its international sister company Fidelity International (FIL). Fidelity was founded by her grandfather Edward C. Johnson II. Her father Edward C. "Ned" Johnson III remains chairman emeritus of FMR. As of March 2013, the Johnson family owned a 49% stake in the company, with Johnson herself holding an estimated 24.5%.[7]

In November 2016, Johnson was named chairman and will remain CEO and president, giving her full control of Fidelity with 45,000 employees worldwide.[8] Johnson's wealth is approximately $16.5 billion,[2] making her one of the world's wealthiest women.

Early life and education

Johnson graduated from Hobart and William Smith with a bachelor of arts degree in art history in 1984.[9] After a brief stint as a consultant at Booz Allen Hamilton from 1985–86, Johnson completed an MBA at Harvard Business School and joined Fidelity Investments—which her grandfather Edward Johnson II founded in 1946[10]—as an analyst and portfolio manager in 1988.[11] She was promoted to an executive role in Fidelity Management and Research (FMR) in 1997 and has since held various senior executive posts inside FMR, Fidelity Institutional Retirement Services and Fidelity Investments.

She was named president in August 2012.[12]

In October 2014, Johnson was named to the additional post of chief executive of Fidelity Investments.[11]

Awards and honors

Johnson is a member of the Committee on Capital Markets Regulation. She is a member of the board of directors of the Securities Industry and Financial Markets Association (SIFMA). She is the first and only woman to serve on the board of the Financial Services Forum.[12]

In 2016, "Forbes" ranked her as the 16th most powerful woman in the world. In 2015, she was ranked as #19. In 2014, she was #34[13] and in 2017 #7.[14]

See also

References

  1. ^ a b "The World's Billionaires (2010): #48 Abigail Johnson". Forbes. March 3, 2010. Retrieved February 24, 2011. 
  2. ^ a b Abigail Johnson Forbes
  3. ^ a b "Abby Johnson Has Wedding". The New York Times. June 26, 1988. Retrieved February 24, 2011. 
  4. ^ a b "Fidelity: Here Comes Abby". BusinessWeek. 2002-07-08. Retrieved 2016-07-24. 
  5. ^ Lau, Debra (May 21, 2001). "Fidelity Promotes Abigail Johnson To President". Forbes. Retrieved February 24, 2011. 
  6. ^ O'Donnell, Carl (October 13, 2014). "Abigail Johnson Replaces Father Edward As CEO Of Fidelity". Forbes. Retrieved December 5, 2014. 
  7. ^ "Abigail Johnson". Forbes. 
  8. ^ Healy, Beth (November 21, 2016). "'Ned' Johnson stepping down as Fidelity chairman". The Boston Globe. Retrieved 26 December 2016. 
  9. ^ "William Smith Leaders: Abigail P. Johnson '84". William Smith College. Retrieved May 4, 2015. 
  10. ^ Abigail Johnson, President-CEO, Fidelity Investments
  11. ^ a b Grind, Kirsten (October 13, 2014). "Abigail Johnson Named CEO of Fidelity Investments". The Brick Street Journal. Retrieved December 5, 2014. 
  12. ^ a b Healy, Beth (December 5, 2014). "Abigail Johnson, after years of training, gets to put her stamp on Fidelity". The Boston Globe. Retrieved December 5, 2014. 
  13. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved July 20, 2015. 
  14. ^ "World's Most Powerful Women". Forbes. Retrieved 2018-03-29. 
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