Ronald (Ron) E. Logue is the former
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
of the Board and CEO of
State Street Corporation (). Logue was appointed Chairman and Chief Executive Officer in 2004. Prior to that he held a number of leadership positions at State Street. 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 Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers New England: Maine, Massachusetts, New Hampshire, Rhode Island, Vermont and all of Connecticut except ...
, 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
The Museum of Fine Arts (often abbreviated as MFA Boston or MFA) is an art museum in Boston, Massachusetts. It is the list of largest art museums, 20th-largest art museum in the world, measured by public gallery area. It contains 8,161 paintings ...
. He has served as chairman of the board of directors of State Street Bank Europe Limited and State Street Cayman Trust Company, Ltd. In addition to his business activities, Ron Logue is also a member of the Massachusetts Grand Lodge of Freemasons. Logue's Mother Lodge is Columbian Lodge of the First Masonic District in Massachusetts
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, State Street President and Chief Operating Officer Joseph "Jay" Hooley, was promoted to CEO, retaining his role as president.
A native of
Boston, Logue received both his
B.S. and
M.B.A. from
Boston College
Boston College (BC) is a private Jesuit research university in Chestnut Hill, Massachusetts. Founded in 1863, the university has more than 9,300 full-time undergraduates and nearly 5,000 graduate students. Although Boston College is classifie ...
.
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.
References
External links
Biography from State Street
American chairpersons of corporations
American chief executives of financial services companies
American chief operating officers
Boston College alumni
Deutsche Bank people
Living people
Year of birth missing (living people)
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