Fidelity brings back another old hand

Fidelity Investments said Tuesday it hired Larry Renfro to oversee a new division that will include its human-resources services operations, the latest senior executive to return to the Boston mutual fund giant after a long hiatus.

Renfro, 54, worked at Fidelity previously from 1981 to 1988, becoming a managing director of parent FMR Corp. before leaving for a series of jobs elsewhere, most recently as president of AARP Services Inc., which offers benefits to the nonprofit association's 40 million members.

Renfro will report to Fidelity president Rodger A. Lawson, who himself rejoined Fidelity last summer after fifteen years at other companies. In addition to the human-resources work, which provides payroll and benefits services to other companies, Renfro will oversee Fidelity's life insurance company, a charitable services unit, and a division responsible for acquisitions.
By Ross Kerber, Globe staff