Franklin Resources Promotes Flanagan, Johnson to Co-CEOs
Oct. 22 (Bloomberg) -- Franklin Resources Inc., the largest
publicly traded U.S. mutual fund manager, promoted Martin
Flanagan and Gregory Johnson as co-chief executive officers to
replace Charles Johnson, who has been CEO since 1957.
Flanagan and Gregory Johnson, who have been co-presidents of
the fund firm since 1999, will take on their new roles in
January. Charles Johnson will remain chairman, the San Mateo,
California-based company said in a statement.
``These appointments are a natural evolution for Greg
Johnson and Marty Flanagan and a recognition of a co-presidency
that has worked extremely well,'' Charles Johnson said in the
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