BOSTON–State Street Corporation (NYSE: STT) has announced the appointment of Sara Mathew as the independent Lead Director, effective immediately. Mathew takes over from Dame Amelia Fawcett, who held the role since 2019 but will remain on the Board and continue serving on key committees.
Mathew, a Director at State Street since 2018, brings a wealth of expertise in corporate finance and strategy, bolstered by her experience on various public company boards. As Lead Director, she will represent the Board in discussions with stakeholders and oversee meetings of independent directors.
Fawcett emphasised the importance of leadership renewal and expressed confidence in Mathew’s ability to maintain the board’s active governance practices. Mathew expressed her excitement in taking on this new role, highlighting the Board’s talent and commitment to advancing State Street’s long-term growth.
With a strong background that includes roles as chairman and CEO at Dun & Bradstreet, along with significant tenure at Procter & Gamble, Mathew’s leadership is expected to enhance State Street’s vision and strategic focus.
About State Street Corporation
State Street is a leading provider of financial services to institutional investors, managing approximately $4.7 trillion in assets. As of March 31, 2025, it operates globally with over 53,000 employees across 100 markets. For more information, visit www.statestreet.com.
Key Points
- Sara Mathew has been appointed as independent Lead Director of State Street Corporation.
- She succeeds Dame Amelia Fawcett, who remains on the Board and continues in other committee roles.
- Mathew has extensive experience in corporate finance, technology, and strategy.
- As Lead Director, she will lead discussions with shareholders and preside over meetings of independent directors.
- Mathew was previously chairman and CEO of Dun & Bradstreet and has a strong background in finance from Procter & Gamble.
Why should I read this?
If you’re interested in corporate governance and leadership changes within major financial institutions, this article is a must-read! Sara Mathew’s ascent to independent Lead Director at State Street signifies a pivotal moment for the company and showcases how strong leadership impacts strategic direction. Don’t miss out on these insights!
