BOSTON--(EON: Enhanced Online News)--State Street Corporation (NYSE:STT) today announced the appointment of José (Joe) E. Almeida, chairman, president and chief executive officer of Covidien PLC, to its board of directors.
“His strong track record of driving global expansion at a large, public company in the healthcare industry contributes valuable perspective and his history of fostering product innovation within a highly competitive business environment will add to our board’s expertise.”
“We are very pleased to welcome Joe to our board,” said Joseph L. Hooley, chairman, president and chief executive officer of State Street Corporation. “His strong track record of driving global expansion at a large, public company in the healthcare industry contributes valuable perspective and his history of fostering product innovation within a highly competitive business environment will add to our board’s expertise.”
Mr. Almeida, age 51, joined Covidien (formerly known as Tyco Healthcare) in 1995 and held leadership positions in global manufacturing and corporate engineering. He has served as chairman of Covidien’s board of directors since March 2012 and as president, chief executive officer and a director of Covidien since 2011. Prior to being appointed to his current position he was president of the medical devices organization at Covidien. Before joining Covidien, Mr. Almeida held leadership positions at Greatbatch Technologies, Inc., American Home Products’ Acufex Microsurgical division and Johnson & Johnson’s Professional Products division. He began his career as a management consultant at Andersen Consulting (Accenture).
Mr. Almeida currently serves on the board of directors of Advanced Medical Technology Association (AdvaMed), Partners in Health, a non-profit healthcare organization aimed at bringing medical care to those most in need globally and is a member of the Business Roundtable. He received a bachelor of science in mechanical engineering from Escola de Engenharia Maua in São Paulo, Brazil.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.7 trillion in assets under custody and administration and $2.1 trillion in assets under management* at June 30, 2013, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
* This AUM includes the assets of the SPDR Gold Trust (approx. $37 billion as of June 30, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.