Fidelity Investments President Lawson to Retire


Fidelity Investments President Rodger Lawson is retiring at the end of March after two-and-a-half years as the company's second-in-command.

Oliver Quillia for

It is still not known who will replace his boss. At 79, Edward "Ned" Johnson III remains CEO and chairman, titles he's held at privately owned Fidelity since 1977.

The nation's largest mutual fund company has a succession plan, but it isn't saying when Johnson will step down.

The company, based in Boston, announced the retirement of 63-year-old Lawson on Wednesday. He will stay with the company as an adviser.

In 2007, when Lawson was named president, he said he didn't expect to stay for more than a few years.