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Fidelity Vice Chairman J. Gary Burkhead Retires

Fidelity Investments executive decides to spend more time with his family and invest in startup companies.

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Change shook the executive suite of the United States' biggest mutual-fund company today.

J. Gary Burkhead, Fidelity Investments' vice chairman and the president of its retail sales group, announced Tuesday that he is retiring effective February 1, after 17 years with the Boston-based company and 35 years in the financial-services sector.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.