Deals and People

Fidelity Names Leader of Stock Plan Services

By Tara Cantore editors@plansponsor.com | May 11, 2012

May 11, 2012 (PLANSPONSOR.com) - Kevin Barry was named executive vice president of Fidelity Investments’ stock plan services business. 

Barry will be responsible for the day-to-day operations of the stock plan services business, which provides 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).

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.

Prior to joining Fidelity, 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. He is a graduate of Harvard College and the Tuck School of Business Administration at Dartmouth College.