State Street Boston names Ronald L. O'Kelley chief financial officer and treasurer

Business Wire, Nov 13, 1995

BOSTON--(BUSINESS WIRE)--Nov. 13, 1995--State Street Boston Corp. (NYSE:STT) announced today that Ronald L. O'Kelley was elected to the position of chief financial officer and treasurer.

O'Kelley will join State Street in early December. He will report to David A. Spina, State Street's vice chairman, who had assumed CFO and treasurer duties on an interim basis.

"Ron comes to State Street with extensive experience in global finance and business management," said Marshall N. Carter, State Street's chairman and chief executive officer. "His experience in varied industries provides a broad business perspective. Ron will be a valuable addition to our management team."

"I am very excited to be joining State Street," said O'Kelley. "The company is a leader in servicing global institutional investors and is truly a quality organization. As State Street continues to focus on executing its strategies and programs for the '90s, my role will be to ensure that all areas of the company continue to receive the information, analysis and support they need to succeed."

O'Kelley will be a State Street executive vice president. His areas of responsibility will include planning, investor relations, management information services, financial management and analysis, and comptrollers.

Prior to joining State Street, O'Kelley was vice president and chief financial officer of Douglas Aircraft Co., a subsidiary of McDonnell Douglas Corp. In that position, O'Kelley was responsible for business operations, finance and control. Prior to that, O'Kelley was senior vice president and chief financial officer at Rolls-Royce Inc., where he was responsible for all financial operations of the companies U.S. subsidiary. Earlier in his career at Citicorp, O'Kelley was responsible for various operations groups and held both international and domestic assignments. Prior to that, he held various positions in control and finance with Texas Instruments.

O'Kelley holds a Bachelor's degree in Mathematics from Duke University and earned a Master's degree in Industrial Administration from Carnegie Mellon University.

With more than $2 trillion in assets under custody and $199 billion under management, State Street is a leading servicer and manager of financial assets worldwide. Services are provided from offices in the United States, Canada, Grand Cayman, Netherlands Antilles, United Kingdom, France, Belgium, Luxembourg, Denmark, Germany, United Arab Emirates, Hong Kong, Taiwan, Japan, Australia and New Zealand. State Street is traded on the New York Stock Exchange under the symbol "STT."

CONTACT: State Street Boston

David A. Spina, 617/654-3125