As Previously Disclosed, Ronald E. Logue to Retire as
Non-Executive Chairman on January 1, 2011
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors, today
announced that its board of directors has appointed Joseph L. (Jay)
Hooley as chairman, effective January 1, 2011, following Ronald E.
Logue’s planned retirement as a director. Hooley, who has served as
chief executive officer (CEO) since March 2010, will remain in that
office. Kennett F. Burnes will continue in his role as State Street’s
independent lead director.
“We are pleased to appoint Jay as chairman of State Street,” said
Burnes. “Since his appointment as CEO in March, Jay has made the
difficult and strategic decisions that our board believes has set State
Street on course for leadership and growth.”
Since joining State Street in 1986, Hooley, age 53, has held a number of
leadership positions including head of the company’s US Mutual Fund
sales organization, president and chief executive officer of National
Financial Data Services and president and chief executive officer of
Boston Financial Data Services. He returned to State Street in 2000 to
manage its global investment servicing business and was named president
and chief operating officer in 2008. Hooley was elected as a director in
October 2010.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors, including
investment management, investment research and trading and investment
servicing. With $20.2 trillion in assets under custody and
administration and $1.9 trillion in assets under management at September
30, 2010, State Street operates in 25 countries and more than 100
geographic markets worldwide. For more information, visit State Street’s
website at www.statestreet.com.
Source: State Street Corporation
Contact:
State Street Corporation
Carolyn Cichon, 617-664-8672