Franklin Resources Inc. reorganized its senior management structure...

Franklin Resources Inc. reorganized its senior management structure and created new offices of the chairman and the president to make major strategic and operating decisions for the companies. Charles B. Johnson will remain CEO and chairman. Rupert H. Johnson Jr. and Harmon Burns, executive vice presidents, will become vice chairmen and form the new office of the chairman. The office of the president will be made up of Gregory E. Johnson, president of Franklin Templeton Distributors Inc.; Allen J. Gula Jr., chief information officer; Charles E. Johnson, president of Templeton Worldwide Inc.; and Martin L. Flanagan, CFO. Charles B. Johnson said that Mr. Flanagan, Chuck Johnson and Greg Johnson will take on additional responsibilities in the core businesses as part of leadership training toward a ‘‘smooth eventual succession’’ at the firm. Chuck Johnson will become president of the international division, with responsibility for portfolio management functions. Greg Johnson will become president of the U.S. division and will oversee the institutional, retail and bank/finance businesses. Mr. Flanagan will also assume the title of COO and will be responsible for service businesses, finance and Canadian operations.