STATE STREET CORPORATION State Street Corporation announced as previously disclosed, on October 25, 2023, Ian W. Appleyard, Executive Vice President, Global Controller and Chief Accounting Officer, notified State Street Corporation (?State Street?) of his intent to retire in mid-2024. Mr. Appleyard will retire on June 6, 2024. On March 19, 2024, State Street appointed Elizabeth M. Schaefer as Chief Accounting Officer, effective upon Mr. Appleyard?s retirement.
Ms. Schaefer, 49, has served as State Street?s Senior Vice President and Deputy Controller since July 2016. She served as State Street?s interim Chief Accounting Officer from September 2017 to May 2018. She is a certified public accountant.
Following her appointment, Ms. Schaefer will receive a base salary of $400,000 per year and her target incentive compensation for 2024 will be $800,000.
