MacDonald Quits Brodeur for State Street IR Post
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MacDonald Quits Brodeur for State Street IR Post

Kelley MacDonald, former senior vice president and director of investor relations at Brodeur Worldwide, has joined State Street Corporation as senior VP and head of IR.

Paul Holmes

BOSTON, September 27—Kelley MacDonald, former senior vice president and director of investor relations at Brodeur Worldwide, has joined State Street Corporation as senior VP and head of IR. For MacDonald, the move marks a return to the corporate sector. Before joining Brodeur she spent 15 years heading IR and corporate communications at Unitrode Corporations.
 
State Street is a financial services company with $727 billion in assets under management and operations around the world. MacDonald will report to chief financial officer Ronald O’Kelley.
 
Says O’Kelley, “State Street’s strong growth and its leadership in technology to serve the needs of sophisticated global investors have resulted in a diverse investor base. Kelley’s expertise working with a broad range of world-class technology companies, including financial institutions, will be instrumental as we continue to meet the needs of this important constituency.”
 
MacDonald’s departure won’t diminish Brodeur’s commitment to investor relations, says agency president Andy Carney, who says the function will now be headed by Deborah Turk, hired by MacDonald last year. Turk was formerly with Robertson Stephens and Kohler International and has extensive experience in preparing companies for IPO.
 
“There’s a lot of uncertainty in the market right now,” says Carney. “That means greater emphasis on financial communications, and it also means more emphasis on non-financial measures of performance.”
Carney says the firm is doing financial communications programs for about 80 percent of its publicly traded clients, and that it is even doing outreach to the financial community on behalf of private companies that want to educate investors before a potential IPO.
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