Fidelity International CEO Anne Richards Unexpectedly Steps Down
- Anne Richards to stay at the investment company as vice chair
- Company didn’t name successor or give timeframe for handover
Anne Richards
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Fidelity International Chief Executive Officer Anne Richards is unexpectedly stepping down after five years, leaving the asset manager without an immediate replacement.
Richards, 59, will remain at the firm as a vice chair to help Fidelity with its key external relationships and strategic partnerships, according to a statement Monday. Succession plans “will be communicated at a later date,” the company said.