David A. Spina, chairman and CEO of State Street Corporation, has retired and will be replaced in both positions by Ronald E. Logue, the company announced.

Spina, who had been with the company since 1969, left mostly because of health reasons. "My heart surgery in May of 2003 prompted me to reassess my personal priorities," Spina said. "Choosing to retire now has been an extremely difficult decision for me, but I am confident that I am leaving the company at a very good time."

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