Ronald E. Logue, chairman and CEO of State Street Corp., will retire March 1, 2010, the company announced this afternoon.

Jay Hooley, president and COO at State Street, will succeed Mr. Logue, according to a leadership succession plan announced by the company.

Mr. Logue will serve as non-executive chairman of State Street’s board of directors from his retirement date through Jan. 1, 2011.

Mr. Hooley, meanwhile, will retain his president and COO titles.

Douglas Appell is a reporter with Pensions & Investments, a sister publication to InvestmentNews