Franklin Templeton has named Jennifer Johnson as its new chief executive in a move that sees her brother and existing CEO, Gregory Johnson, become executive chairman.
Jennifer Johnson, who has helped develop the company’s ETF business, will take up the CEO position at the firm's annual meeting on February 11, 2020.
Gregory Johnson will continue to serve in an active role within the company and consult on significant decisions.
Jenny Johnson is president and chief operating officer of Franklin Resources, Inc. Ms. Johnson oversees the majority of investment management and all related investment management support services. She is also responsible for Franklin Templeton's global retail and institutional distribution efforts, including product development. In addition, Ms. Johnson oversees client service, fund administration, global technology, and the company's high net worth business, Fiduciary Trust Company International.
Previously, Ms. Johnson held the role of co-president, and prior to that she was the company's chief operating officer. She is an officer of Franklin Resources, Inc. and serves as a director of Fiduciary Trust Company International and several other subsidiaries of Franklin Resources, Inc. She joined the company in 1988.
In 2014, Ms. Johnson was one of ten executives named to Money Management Executive's inaugural list of Top Women in Asset Management and was chosen by her peers as one of Ignites.com's Most Influential Women in Fund Management. Ms. Johnson received the 2012 Robert L. Gould Award presented by global investment management association NICSA, recognizing outstanding achievement in helping the mutual fund industry better serve investors through customer service, thought leadership and technology. In 2010 and 2011, she was recognized by the San Francisco Business Times as one of the Most Influential Women in Bay Area business. In 2002, she was named E-commerce Executive of the Year by mutual fund industry publication, Fund Action (now Fund Industry Intelligence).
Jennifer Johnson has been with the company for more than three decades, holding a wide array of roles, which included serving as chief data officer. Gregory Johnson succeeded his father Charles Johnson to take the top job in 2005. The company was founded by Jennifer and Gregory’s grandfather, Rupert, in 1947.
Ms. Johnson earned her B.A. in economics from the University of California at Davis. She is a board member of Riva Financial Systems. She is also a trustee at Crystal Springs Uplands School, and a board member of the Lucile Packard Children's Hospital.