As Previously Announced, Jay Hooley to Retire as Chairman on December 31, 2019
State Street Corporation (NYSE: STT) today announced that its board of directors has appointed Ronald P. (Ron) O’Hanley, State Street’s chief executive officer, as chairman, effective January 1, 2020, following Jay Hooley’s planned retirement. Mr. Hooley has served on the Board of Directors since 2009 and as Chairman of the Board since 2011. Amelia Fawcett will continue in her role as State Street’s independent lead director.
WILL HE BE THE ONE TO STOP THIS FOOLISH OUTSOURCING AND BRINING IN H1B WORKERS ?
"We are pleased to name Ron as chairman," said Amelia Fawcett. "Ron’s appointment represents the culmination of the leadership transition implemented by the board over the past several years. Since becoming CEO in January, Ron has brought tremendous energy and results-oriented management focused on creating shareholder value. On behalf of the Board of Directors, I want to thank Jay for his long and distinguished career at State Street and for guiding a successful leadership transition."