State Street Corporation Elects Dr. Linda A. Hill to Its Board of Directors

Business Wire, Jan 4, 2001

Business Editors

BOSTON--(BUSINESS WIRE)--Jan. 4, 2001

State Street Corporation (NYSE:STT), one of the world's leading providers of financial and information services to sophisticated investors, announced today the election of Dr. Linda A. Hill to its Board of Directors. Dr. Hill, the Wallace Brett Donham Professor of Business Administration in the Organizational Behavior Area at Harvard Business School, joins the 19-person Board of Directors immediately.

Dr. Hill is co-faculty chair, Global Leadership Initiative, and faculty chair, Young Presidents' Organization Presidents' Seminar. Her book, Becoming A Manager: Mastery of a New Identity, explores the challenges of making the transition from star producer to manager. She is also the author of Power and Influence: Getting Things Done in Organizations, of two New Media Invision award-winning multimedia management development programs: High Performance Management and Coaching, and of e-Learning products including Managing for Performance. Professor Hill's consulting and executive education series are in the areas of managing change, managing interfunctional relationships, globalization, career management and leadership development.

"We are extremely pleased to welcome Linda to the Board of Directors," said David A. Spina, chairman and chief executive officer of State Street Corporation. "Her extensive experience in professional development and academics will be an invaluable asset to our Board."

"I am delighted to serve on State Street's Board of Directors," said Dr. Hill. "State Street's strategic focus and commitment to client service, technology development and global expansion make it one of the most outstanding companies in the industry. I look forward to being a part of such a successful organization."

Professor Hill is currently a member of the Board of Directors of Cooper Industries, the Boards of Trustees of the Rockefeller Foundation, Bryn Mawr College, The Children's Museum, Boston, and the Board of Overseers of the Beth Israel Deaconess Medical Center, Boston, and the Andersen Executive Program Advisory Group. She is also on the Advisory Boards of the American Repertory Theatre, Independent Means, and the Getty Leadership Institute for Museum Management.

Dr. Hill did a post-doctoral research fellowship at the Harvard Business School and she earned a Ph.D. in Behavioral Sciences at the University of Chicago. She received her M.A. in Educational Psychology with a concentration in measurement and evaluation at the University of Chicago. She has an A.B., summa cum laude, in psychology from Bryn Mawr College.

With $6.2 trillion in assets under custody and $712 billion under management, State Street Corporation is the world's leading specialist in serving institutional investors. Offices are located in the United States, Canada, Chile, Cayman Islands, Netherlands Antilles, Ireland, United Kingdom, Netherlands, France, Belgium, Luxembourg, Switzerland, Germany, Czech Republic, Austria, United Arab Emirates, Russia, People's Republic of China, Taiwan, South Korea, Japan, Singapore, Australia, and New Zealand. State Street Corporation's common stock is traded on the New York Stock Exchange under the symbol STT. For more information, please visit State Street's website at www.statestreet.com.