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Kevin Barry Named Head of Fidelity’s® Stock Plan ServicesBOSTON – Kevin Barry has been named executive vice president of Fidelity Investments’® stock plan services business, the firm announced today.
Barry has been with Fidelity since 2006, serving in a variety of senior-level financial management and strategic planning roles. Most recently, he was chief financial officer for Fidelity’s Workplace Investing business unit and was responsible for overseeing the financial management and controls of Fidelity’s defined contribution, defined benefit, stock plan administration and health savings business lines.
In his new role, Barry will be responsible for the day to day operations of the stock plan services business. The business unit is a leading provider of stock plan administration services, representing $120 billion in grant value. It supports 230 employers nationwide and more than 1.5 million participants. The business provides administration services in five stock plan categories: restricted stock plans, stock option plans, stock appreciation plans, performance plans and employee stock purchase plans. Its services include recordkeeping, trade execution and financial reporting (e.g. regulatory and tax filings).
“Kevin was a natural choice to lead the Stock Plan Services business, having demonstrated exceptional leadership skills since joining Fidelity six years ago,” said James M. MacDonald, president, Workplace Investing, Fidelity Investments. “I am confident that his strategic planning and financial management skills will help Stock Plan Services excel as an industry leader.”
Prior to joining Fidelity, 46-year-old Barry worked for 12 years in the consumer products industry as a vice president of finance at Gillette Company and Frito-Lay, a subsidiary of PepsiCo. Barry is a graduate of Harvard College and the Tuck School of Business Administration at Dartmouth College.
About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.7 trillion, including managed assets of $1.6 trillion, as of March 31, 2012. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com
1 Fidelity data