Edward Crosby Johnson

Edward C. (Ned) Johnson 3d is chairman of the board and chief executive officer of Fidelity Investments, the nation's largest mutual fund company and a leading provider of financial services. Ned Johnson joined the firm as a research analyst in 1957. He managed Fidelity Trend Fund from 1958 to 1967 and was Fidelity Magellan Fund's first first portfolio manager, running the fund from 1963 to 1971. Mr. Johnson assumed executive control of the company in 1972 - when assets under management were $3.9 billion - and quickly established a reputation as an innovator within the financial services industry. He pioneered the direct marketing of mutual funds in the 1970s, and made Fidelity the first company to offer check-writing on money market funds. He also broke new ground in developing technology-based customer services and in introducing product innovations such as hourly pricing for sector funds. Under Mr. Johnson's leadership, Fidelity has grown to become one of the world's largest providers of financial services with custodied assets of $1.4 trillion, including managed assets of $854.5 billion. The firm is the largest mutual fund company in the United States, the Bo. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. Mr. Johnson also is chairman of Fidelity International Limited, an independent investment company that serves clients in the United Kingdom, Europe and Asia.