Ronald Logue
Encyclopedia
Ronald E. Logue is Chairman of the Board of State Street Corporation (NYSE: STT), formerly Chief Executive Officer
as Jay Hooley assumed that title March 1, 2010 in addition to his role as President
. Logue was appointed Chairman and Chief Executive Officer in 2004. Prior to that he held a number of leadership positions at State Street. Mr. Logue joined the company in 1990 as Senior Vice President and head of the investment servicing for US mutual funds. He was named Chief Operating Officer in 2000 and President in 2001. As President and Chief Operating Officer, Logue was responsible for overseeing State Street's investment servicing, securities and investment research and trading activities, as well as information technology. During his presidency, he led the highly successful integration of the Deutsche Bank's Global Securities Services business, acquired in January 2003.
In 2008, Logue earned a total compensation of $28,712,475 at State Street. His compensation included a base salary of $1,000,000, stock awards of $13,366,897, and option awards of $6,441,092.
Logue serves on the board of directors of the Federal Reserve Bank of Boston
, the Metropolitan Boston Housing Partnership, a nonprofit, low-income housing organization, the United Way of Massachusetts Bay, and The Institute of Contemporary Art. He also serves on the board of overseers of Boston's Museum of Fine Arts. He has served as chairman of the board of directors of State Street Bank Europe Limited and State Street Cayman Trust Company, Ltd.
On October 22, 2009, it was announced that Logue will retire from State Street on March 1, 2010, after almost two decades with the company and then continue to serve as non-executive chairman of State Street's board of directors for a transition period until January 1, 2011. Upon Logue's retirement on March 1, 2010, current State Street President and Chief Operating Officer, Joseph "Jay" Hooley, was promoted to CEO.
A native of Boston, Logue received both his B.S.
and M.B.A. from Boston College
.
Prior to his elevation to CEO, Logue held a number of other positions at State Street, including senior vice president and head of the investment servicing for U.S. mutual funds, chief operating officer
, and president
.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
as Jay Hooley assumed that title March 1, 2010 in addition to his role as President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
. Logue was appointed Chairman and Chief Executive Officer in 2004. Prior to that he held a number of leadership positions at State Street. Mr. Logue joined the company in 1990 as Senior Vice President and head of the investment servicing for US mutual funds. He was named Chief Operating Officer in 2000 and President in 2001. As President and Chief Operating Officer, Logue was responsible for overseeing State Street's investment servicing, securities and investment research and trading activities, as well as information technology. During his presidency, he led the highly successful integration of the Deutsche Bank's Global Securities Services business, acquired in January 2003.
In 2008, Logue earned a total compensation of $28,712,475 at State Street. His compensation included a base salary of $1,000,000, stock awards of $13,366,897, and option awards of $6,441,092.
Logue serves on the board of directors of the Federal Reserve Bank of Boston
Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers most of Connecticut , Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in the Federal Reserve Bank Building in Boston,...
, the Metropolitan Boston Housing Partnership, a nonprofit, low-income housing organization, the United Way of Massachusetts Bay, and The Institute of Contemporary Art. He also serves on the board of overseers of Boston's Museum of Fine Arts. He has served as chairman of the board of directors of State Street Bank Europe Limited and State Street Cayman Trust Company, Ltd.
On October 22, 2009, it was announced that Logue will retire from State Street on March 1, 2010, after almost two decades with the company and then continue to serve as non-executive chairman of State Street's board of directors for a transition period until January 1, 2011. Upon Logue's retirement on March 1, 2010, current State Street President and Chief Operating Officer, Joseph "Jay" Hooley, was promoted to CEO.
A native of Boston, Logue received both his B.S.
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
and M.B.A. from Boston College
Boston College
Boston College is a private Jesuit research university located in the village of Chestnut Hill, Massachusetts, USA. The main campus is bisected by the border between the cities of Boston and Newton. It has 9,200 full-time undergraduates and 4,000 graduate students. Its name reflects its early...
.
Prior to his elevation to CEO, Logue held a number of other positions at State Street, including senior vice president and head of the investment servicing for U.S. mutual funds, chief operating officer
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
, and president
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
.