Fidelity has tapped Carolyn Clancy to run its mutual fund supermarket. Clancy, a 12-year company veteran, took on the role of executive vice president of FundsNetwork about a month ago, Fidelity spokeswoman Jenny Engle told The MFWire.com. Clancy reports to Jack Haley, executive vice presidenet of investment services.

Clancy replaces Paul Riley, who, as reported by The MFWire.com in April, left Fidelity to join Bank of America Merrill Lynch.

Clancy has held marketing, product and business management roles in both Fidelity's personal investing and workplace investing units. 

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