J. Gary Burkhead, vice chairman of Fidelity Investments and president of its Personal Investments and Brokerage Group, and Stephen Cone, president of retail and corporate marketing have announced their resignations from the Boston fund giant. Both of the departing execs' responsibilities will be assumed by Gail McGovern who will be the new president of the Personal Investments & Brokerage Group.

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Burkhead, who has been with the company since 1983, will be retiring as of February 1. He has held several positions within the company, including president of Fidelity Institutional Group and prior to that, president of Fidelity Management & Research Company. Burkhead said that he has plans to invest in and work with a number of start-up companies as well as sit on a number of corporate boards.

Cone has resigned from his position as head of marketing for Fidelity's mutual fund, high net worth, retail brokerage, interactive services and retirement services operations to "pursue a new career opportunity in New York City."

Gail McGovern, head of distribution and services and a senior operating officer in the Fidelity Personal Investments & Brokerage Group, will assume overall responsibility for retail mutual fund and brokerage businesses and become a member of Fidelity's Operating Committee as president of Fidelity Personal Investments. 

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