Ron O'Hanley, Fidelity's head of asset management since July 2010, is stepping down from his role. An internal successor will be named in the coming weeks. O'Hanley will work with his successor during a transition period through late February. He has no immediate career plans but will likely return to the asset-management industry after a break.
A succession plan for longtime chairman Ned Johnson was clearly established last year when daughter Abby Johnson took on the title of president, overseeing O'Hanley and the asset-management division.