BOSTON—Abigail Johnson was so eager for change at mutual-fund giant Fidelity Investments that she once tried to oust her own father as CEO, according to executives at the time. A decade later, Ms. Johnson is finally in charge, and she appears no less willing to shake things up.
Ms. Johnson, 53 years old, is quietly reshaping the company that Edward “Ned” Johnson III, 84, built into a money-management behemoth that oversees the retirement plans of millions of Americans. Since she took over as CEO in October, she has cut costs and overhauled units that are losing money, replaced heads of underperforming divisions and pushed the company into businesses her father long resisted.
But some current and former Fidelity executives and analysts question whether Ms. Johnson has the vision to drive the company forward, or will be a big enough catalyst for change…
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