Fidelity's Abigail Johnson Shakes Up Executive Ranks, Again.

Fidelity Investments CEO Abigail Johnson has made significant changes to the company's executive team, appointing new leaders to senior roles, including finance chief. These moves reflect Johnson's commitment to rotating members of her leadership team and bringing new perspectives to different parts of the company. Fidelity posted record revenue in 2023, with operating income totaling $8.5 billion, a 6% increase from the previous year. The company's assets under management and assets under administration also saw significant growth. Fidelity remains a privately held company controlled by the Johnson family and does not disclose the same level of financial detail as its publicly traded rivals. [Extracted from the article]