By Michael Dabaie

 

State Street Corp. (STT) said Friday that Joseph L. Hooley will retire as chief executive on Dec. 31.

State Street in late 2017 said Ronald P. O'Hanley would succeed Mr. Hooley as CEO. Mr. O'Hanley, who has been State Street's president and chief operating officer since November 2017, will start his new role on Jan. 1.

Following his retirement as CEO, Mr. Hooley will remain as chairman of the board, State Street said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

December 14, 2018 09:35 ET (14:35 GMT)

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