Franklin Templeton has promoted its chief operating officer, Jennifer Johnson, to lead the company as its new president and chief executive.
The company’s current CEO and Jennifer’s brother, Gregory Johnson, will become executive chairman of the firm and continue in his role as chairman of the board of directors, with both appointments due to take effect in February next year.
As CEO, Johnson will oversee all aspects of business operations and will target long-range objectives driving corporate priorities. She has been with Franklin Templeton since 1988 and has served in various roles throughout her tenure.
“Jenny’s appointment as president and CEO is the natural evolution of her current role and recognises both her strong track record and our confidence in her ability to lead the firm strategically into the future,” said Gregory Johnson. “Jenny has significant experience leading and working with all parts of our business and brings extensive knowledge of the global investment management industry.”
Franklin Templeton added that Johnson has managed all major aspects of the business during her time with the company, including investment management, global distribution, customer service, fund administration, technology and its high net-worth business.
“In my time at Franklin Templeton, I have had the opportunity to work with an extremely talented team that shares our vision for the future of this company and a passion for helping people achieve their financial goals,” said Johnson. “We are well positioned to seize the right opportunities to grow our business and to continue to deliver strong investment results for our shareholders and clients around the world.”