Providence resident and former Fleet Bank executive M. Anne Szostak was elected a director of Dallas-based Belo Corp., parent company of The Providence Journal, Belo board of directors announced Friday. Szostak’s election as a director is effective Oct. 1 and increases the size of the board to 14 directors.
Szostak, 54, retired in June after a 31-year career with FleetBoston Financial. From February 1998 until her retirement, she served as the company’s executive vice president and corporate director of human resources and diversity. In this role, she directed a staff supporting 50,000 employees and managed a $3.9 billion salary and benefits budget. Szostak also served on Fleet’s Executive Management Committee and, from 2001 to 2003, as chair and chief executive officer of Fleet Bank-Rhode Island.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
“Under Anne’s leadership, Fleet has been widely recognized for its commitment to employees, talent development, and a diverse work force,” said J. McDonald Williams, Belo’s lead director and chairman of the board’s executive committee, in a release. “Belo shares this commitment and we will benefit from Anne’s insights in this and all areas of Belo’s business.”
As a “Class I” director, Szostak’s term will expire at Belo’s annual meeting of shareholders on May 10, 2005, when she will be eligible for re-election by shareholders. Stephen Hamblett, former chairman, publisher and chief executive officer of The Providence Journal Company, will retire from the Belo board at that meeting.
Szostak is a governor and chair-elect of the Boys & Girls Clubs of America; a trustee of Women & Infants’ Hospital and the Institute for Contemporary Art in Providence; a member of the Rhode Island Board of Governors for Higher Education; and has served on the President’s Glass Ceiling Commission. She is trustee emeritus of Colby College in Waterville, Maine, where she earned a bachelor of arts in sociology in 1972. Szostak lives in Providence with her husband, Michael, and two daughters.
Belo Corp., one of the nation’s largest media companies, is also parent company of the The Dallas Morning News.
