Scott Cooley, chief financial officer at Morningstar will resign from his post this year but the company expects him to remain in his role until it names a replacement. Cooley has served as Morningstar's chief financial officer since 2007.

In a statement, Joe Mansueto, chairman and chief executive officer of Morningstar, said Cooley is “ready for a new challenge” and is “considering several options, including going back to school to pursue a doctorate or staying with Morningstar in a research capacity.”

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