State Street names Covidien chairman to its board

State Street names Covidien Chairman and CEO Jose Almeida to its board of directors

Associated Press

BOSTON (AP) -- State Street named Covidien's chairman and CEO to its board of directors Tuesday.

Jose Almeida, 51, has been the chief executive at Covidien since 2011 and has been with the health care products company since 1995.

There are 11 directors on the board at State Street Corp., which is a custody bank.

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