Former Prudential exec named Fidelity president

BOSTON – Fidelity Investments last week named Rodger A. Lawson, a longtime Prudential Financial executive, to serve as president of FMR Corp., the holding company for Fidelity’s businesses.
Lawson, 60, who was most recently vice chairman responsible for the International Insurance and Investments Division of Prudential Financial, will assume his new position on Aug. 6.
Lawson was head of Fidelity’s retail operation in the late 1980s. Since then, Fidelity said in a news release, he has significantly broadened his experience at Prudential and elsewhere.
Lawson will be responsible for Fidelity Employer Services Co., Fidelity Investments Distribution and Operations Co., and Fidelity Technology Group.
During Lawson’s tenure at Fidelity, the company’s retail assets under management grew from about $22 billion to $83 billion, and customer accounts grew from 3 million to 7 million.
“Rodger has the breadth of financial services experience, as well as experience with Fidelity, which makes him ideally suited for this job,” said Edward C. Johnson III, Fidelity’s chairman and CEO.