Fidelity Investments announced Tuesday that Ellyn A. McColgan, president of distribution and operations, has resigned “in order to pursue opportunities outside of the company.”

A longtime executive with Fidelity, McColgan joined the firm in 1990 and worked in a number of divisions, including those focusing on 401(k)s, 403(b)s, intermediaries and brokerage.

“Ellyn McColgan made many positive contributions to the firm during her tenure here, and I wish her the best in the next phase of her career,” said Edward C. Johnson, Fidelity chairman and CEO.

Until Fidelity selects a replacement, FMR President Rodger A. Lawson will oversee distribution.

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