On March 27, 2026, State Street Corporation announced the appointment of C. Jack Read as Executive Vice President, Global Controller, and Chief Accounting Officer, effective August 10, 2026. Mr. Read will succeed Elizabeth M. Schaefer in this role. With a robust background in financial management, Mr. Read has been serving as Managing Director, Global Controller, and Chief Accounting Officer at MSCI Inc. since August 2024. Prior to that, he held significant positions at Citizens Financial Group, MUFG Americas, JPMorgan Chase, and Washington Mutual Bank, showcasing a wealth of experience in risk management, financial operations, and tax advisory services. In connection with his new role at State Street, Mr. Read has entered into a letter agreement that includes an annual base salary of $450,000 and eligibility for discretionary incentive compensation awards, with a target total incentive compensation award of $2,100,000 for 2026. Additionally, he will receive one-time transition payments totaling $2,430,000, which includes deferred stock and cash, to compensate for the expected forfeiture of compensation from his previous employer, MSCI. This leadership change is expected to enhance State Street's financial oversight and strategic direction, contributing positively to the company's operational execution and governance controls.

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