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GEODE APPOINTS VINCE GUBITOSI PRESIDENT
AND CHIEF INVESTMENT OFFICER

BOSTON (Nov.6, 2009) - Geode Capital Management LLC today announced the appointment of Vince Gubitosi as president and chief investment officer of the $71 billion institutional asset management firm.

Since May, Gubitosi has been serving as interim president of Geode. Prior, Gubitosi was chief investment officer of absolute return strategies responsible for managing portfolios and developing a number of investment strategies. Except for a brief stint at another investment firm, he has been with Geode since 2002.

"I am honored to continue to oversee the day-to-day investing activities across the organization, while also having the privilege of guiding Geode's overall firm strategy forward," said Gubitosi. "Our business remains strong and I have confidence in what the future holds for us and our clients."

Gubitosi succeeds Jacques P. Perold, who was previously announced as chief operating officer of Asset Management at FMR LLC.


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