"My jobs plan is focused on putting shovels in the ground, eliminating red tape and making it less expensive to do business here, and training Rhode Island workers," said Governor Raimondo. "The Commerce Corporation will play a central role in that effort, and I am grateful that Ron, with his extensive experience in the private sector, has agreed to serve as a member of this important Board."
"I am honored to be nominated to serve on the Rhode Island Commerce Corporation Board," said Ron O'Hanley. "I look forward to working with the members of this Board to help create an environment in which businesses and the hardworking people of Rhode Island can succeed."
Ronald P. O'Hanley is president and chief executive officer of State Street Global Advisors (SSGA), the investment management arm of State Street Corporation and a global leader in asset management. Prior to his role at SSGA, he served as President of Asset Management & Corporate Services for Fidelity Investments. Prior to Fidelity, O'Hanley was President and Chief Executive Officer of BNY Mellon Asset Management and Vice Chairman of Bank of New York Mellon in Boston, and a Partner at McKinsey & Company. O'Hanley is a Director of Unum Corp and serves as Vice Chairman of Beth Israel Deaconess Medical Center Board of Directors. He also serves on the boards of the East/West Institute, The Boston Foundation, The Conference Board, WBUR, Institute of Contemporary Art, and the IYRS School of Technology and Trades. Mr. O'Hanley received his BA from Syracuse University and MBA from the Harvard University.
The Rhode Island Commerce Corporation works to create conditions for businesses to thrive and to improve the quality of life for our citizens by promoting the State's long-term economic health and prosperity. The Commerce Corporation will carry out a range of new initiatives outlined in the Governor's budget, including a more robust, more accountable toolkit of business incentives and reinvigorated statewide brand.
Ronald O'Hanley will be replacing the seat held by Judith Diaz, who resigned this month.
"I want to thank Judith for her service to the state on the Board, and I wish her the very best," said Governor Raimondo.