Resolution: http://technet.microsoft.com/en-us/library/cc288427.aspx
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On the top navigation bar, click Operations.
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On the Operations page, in the Security Configuration section, click Service accounts.
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On the Service Accounts page, in the Credential Management section, under Select the component to update, select Web application pool.
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In the Web service list, click a Web service.
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In the Application pool list, click the application pool that you want associated with the Web application.
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Under Select an account for this component, select one of the following:
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Predefined Select this option to use a predefined account, such as the Network Service account or the Local Service account.
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Configurable Select this option to specify a different account.
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Click OK.