Summary
State Street Corporation (STT) announced in an 8-K filing dated September 21, 2018, that Linda A. Hill will be resigning from its Board of Directors, effective October 1, 2018. Ms. Hill, a long-serving director since 2000 and a distinguished Professor at Harvard Business School, is stepping down to accommodate an expansion of her leadership and innovation advisory firm. This departure does not appear to be related to any performance issues or disagreements with the company's management or policies, but rather a strategic decision by Ms. Hill to focus on her growing professional endeavors.
Key Highlights
- 1Director Linda A. Hill is resigning from the State Street Corporation Board of Directors.
- 2The resignation is effective October 1, 2018.
- 3Ms. Hill has been a director since 2000, representing a significant tenure.
- 4The reason cited for resignation is the expansion of her leadership and innovation advisory firm.
- 5This is a voluntary resignation and does not indicate any reported disagreements or governance issues.
- 6Ms. Hill holds the position of Wallace Brett Donham Professor of Business Administration at Harvard Business School.
Frequently Asked Questions
Ms. Hill is resigning to focus on an expansion of her leadership and innovation advisory firm, indicating a personal career move rather than any company-specific issues.
Ms. Hill has served as a director on the State Street Corporation Board since the year 2000.
Based on the information provided in the filing, the resignation is described as voluntary due to Ms. Hill's professional expansion. There are no indications of disagreements or governance concerns.
Ms. Hill is the Wallace Brett Donham Professor of Business Administration at Harvard Business School and is expanding her leadership and innovation advisory firm.