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Breaking Fidelity News: Abigail Johnson to Become Fidelity Chairman

File this breaking news under, “I told you so”. Fidelity has just announced that, after nearly 60 years at Fidelity, Edward C. Johnson III is retiring, and that Abigail Johnson will succeed him as chairman of FMR LLC, Fidelity’s parent company. Abigail Johnson has been in de facto charge of running Fidelity for more than a handful of years, and by mid-December, her leadership of the company will be made formal.

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