Asset Managers
Fidelity Investments says Ellyn McColgan, its president of distribution and operations, has resigned in order to "pursue opportunities outside of the company."
McColgan had recently been promoted to the position and was seen as a possible successor to chairman and CEO Edward C. Johnson III. The company says Rodger A. Lawson, who was appointed to oversee distribution and operations, will assume immediate day-to-day control over distribution, until Ms. McColgan's replacement is named. In a statement, Johnson says he and Lawson "will work jointly on operational matters for an interim period, during which we will fine-tune the organizational structure in order to enhance and grow the business." Fidelity is one of the world's largest money managers, with $1.5 trillion in assets as of June 30, 2007. McColgan joined in 1990 and held senior management positions within the company's 401(k) client services division, the 403(b) business for not-for-profit institutions, the intermediary business and Fidelity Brokerage Company.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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