State Street Corporation (NYSE:STT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outside of banking and is expected to leave State Street in February of 2025.
State Street has commenced its succession plan with a formal internal and external search process and Aboaf will stay on and work closely with the State Street team into February to ensure an orderly transition.
“It has been incredibly rewarding serving as CFO of a global systemically important financial institution. I am grateful for the opportunity to have worked with State Street’s impressive leadership team during my tenure,” said Aboaf. “State Street is well-positioned with its strong financial foundation and strategy for success, and I look forward to working with the team into 2025 during this transition.”
