State Street Corporation (NYSE: STT) today announced the election of Thomas J. Wilson, chairman, president and chief executive officer of Allstate Corporation, to its board of directors. The addition of Mr. Wilson brings the company’s total number of directors to 13.
“We are very pleased to welcome Tom to our board,” said Joseph L. Hooley, chairman, president and chief executive officer of State Street Corporation. “As the CEO of a large public company with a truly national reach, Tom brings valuable insight into creating shareholder value in this ever evolving economic and regulatory environment. His wide range of experience in business strategy, financial analysis and risk management is a great complement to our board expertise. Tom is also a leader in addressing issues impacting the modern workforce and a champion of inclusive diversity, priorities that continue to be an important focus for State Street.”
Mr. Wilson, age 55, joined Allstate in 1995 and served in various roles prior to becoming president and chief executive officer in 2007. Prior to Allstate, Mr. Wilson held senior positions at Sears, Roebuck & Company and Dean Witter Reynolds, Inc. with responsibility for strategy as well as mergers and acquisitions. He is chairman of the Property and Casualty CEO Roundtable and chairman of the Financial Services Roundtable. He is a board member of Rush University Medical Center, Chicago’s Museum of Science & Industry, the US Chamber of Commerce, World Business Chicago, the Economic Club of Chicago, and Catalyst, Inc., a leading non-profit organization working to advance women in business.
He received a Master of Business Administration from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from the University of Michigan.About State Street State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $23.4 trillion in assets under custody and administration and $2.1 trillion in assets under management at September 30, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com. *This AUM includes the assets of the SPDR Gold Trust ($75.3 billion as of September 30, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.