Morningstar's Tricia Rothschild resigning after 26 years

Morningstar chief product officer Tricia Rothschild is leaving the company after 26 years. Since 2017, Ms. Rothschild has been responsible for Morningstar's strategy, innovation and product development. Ms. Rothschild oversaw several new products and improvements at Morningstar, including a new version of Morningstar Direct tailored to wealth management professionals. [Recommended video: Tricia Rothschild: Digitization will require clients to be comfortable sharing data] Ms. Rothschild told InvestmentNews she was leaving to explore other opportunities that build on her career at Morningstar. "The timing is good for both me and Morningstar, in that our leadership team is strong and I am proud of the work we have done over the past three years as Kunal [Kapoor] transitioned into the CEO role," Ms. Rothschild said in an email. "I am now ready to evaluate my next move and am looking forward to seeing continued success from my Morningstar colleagues!" Morningstar confirmed that Ms. Rothschild's last day will be Dec. 31. "In her 26 years with Morningstar, Tricia has built a strong leadership team and an innovative business with an enduring impact on investor success. We look forward to celebrating her achievements before she departs at the end of the year," Morningstar media relations manager Sarah Wirth said in a statement. Ms. Wirth said the decision to leave was Ms. Rothschild's and not the result of a change of direction or strategy for Morningstar. Ms. Rothschild started at Morningstar in 1993 as a fund analyst and later become the international editor of Morningstar Mutual Funds. Over the years, Ms. Rothschild created the firm's initial 529 college-savings plan database and corresponding adviser tools, served as the e-commerce manager of Morningstar.com and developed the company's equity research business, according to Morningstar's website. Before her current role, Ms. Rothschild was head of global adviser solutions, guiding the firm's wealth management and online brokerage business. [More: Product chief at Morningstar talks adviser technology and the holy grail of financial advice]