Fidelity could split president job in two

BOSTON – Fidelity Investments, the world’s largest mutual-fund company, may fill the spot left vacant by the departure of President Rodger Lawson with two executives, said three people with knowledge of the search, Bloomberg News reported last week.
Fidelity may split the job, the second-highest position after Chairman and CEO Edward C. “Ned” Johnson III, between one executive to head asset management and another to oversee its brokerage and retirement divisions, said the people who asked not to be identified because the search is private.
Lawson stepped down from his role at Boston-based Fidelity at the end of last month, leaving the leadership in the hands of Johnson, who turns 80 in June. Fidelity, which manages $1.5 trillion in investor assets, has been controlled by the Johnson family since it was founded by Johnson’s father in 1946.
Ned Johnson, who has led the company since 1977, has given no indication that he plans to retire soon, and has left open the question of who will succeed him. His daughter Abigail P. Johnson, 48, leads fund sales to individuals and corporate-retirement services. &#8226