President and Chief Executive Officer, Geode Capital Management
Ron DePoalo is president and chief executive officer of Geode Capital Management, the Boston firm that runs index portfolios as a sub-adviser to Fidelity's funds. He took the job in January 2026.
DePoalo became Geode's president and chief executive on January 20, 2026, after a short period in which Sorin Codreanu, the chief financial officer, held the post on an interim basis. He joined Geode from Fidelity Investments, where his most recent role was head of fund and brokerage operations and technology, and he had been a director of Fidelity's FIIOC and Fidelity Service Company units.
He has served on FINRA's Technology Advisory Committee and SIFMA's Operations and Technology Committee. He holds a bachelor's degree in management information systems from Ramapo College of New Jersey and an MBA from Saint Peter's University.
Geode was set up by Fidelity in 2001, spun off as an independent firm in 2003 and is owned by its employees and board. It manages Fidelity's index funds as a sub-adviser and reported $1.88 trillion of U.S.-listed securities in its 13F filing for June 30, 2026.
Sources · written 23 October 2026