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Anne Finucane

From Wikipedia, the free encyclopedia
American banker (born 1952)
Anne Finucane
Personal details
Born (1952-07-18)July 18, 1952 (age 72)
Boston,Massachusetts, U.S.
SpouseMike Barnicle
Children4 (plus 3 stepchildren)
EducationUniversity of New Hampshire, Durham (BA)

Anne Finucane (born July 18, 1952) is an American banker who was the first female[1]vice chair ofBank of America and chair of Bank of America Europe until retiring from the bank in 2021,[2] and from her BofA Europe chair role at the end of 2022,[3] after which she became a senior advisor to TPG Rise Climate and chair of Rubicon Carbon.[4][5] While at Bank of America, she established and led its $1 trillion Environmental Business Initiative,[6] as well as its sustainable finance, globalpublic policy, andenvironmental, social and corporate governance committee.[7][8]

Finucane started working in the banking industry in 1995, when she joinedFleet Financial, which later merged with the short-livedBankBoston to become part of Bank of America. She is on the board of several organizations and lives inLincoln, Massachusetts.

Early life and education

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Finucane was born to anIrish-American family, and raised as the fourth of six children inNewton, Massachusetts.[9] The lineages of both her parents trace back toCounty Cork.[10] Her father, William, "was general counsel to theBoston Patriots and local banks.[11] Her mother, Mary, was a homemaker and distant relative ofTip O'Neill.[9] Finucane was friends with one ofRobert Q. Crane's daughters, and Crane introduced Finucane to the then Mayor of Boston,Kevin White. Following completion of her studies at theUniversity of New Hampshire, Finucane worked in the mayor's arts office.[9]

Career

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Finucane entered the banking industry when she joinedFleet Financial in 1995, as head of corporate affairs and marketing.[9] She worked to improve the bank's reputation following asubprime lending crisis, and helped in company acquisitions.[9] Fleet Financial later merged withBankBoston, thenBank of America.[9] Finucane became FleetBoston Financial's executive vice president for corporate marketing and communications.[12] She was Bank of America's global chief strategy and marketing officer after thefinancial crisis of 2007–2008 when the bank lost 55% of its value, "symboliz[ing] all that was wrong" with US banks.[9][13][14]

She became the company's vice chair in 2015.[15][16] Finucane co-chaired the company’s sustainable markets committee, chairs theenvironmental, social and corporate governance committee, leadscustomer analytics,global marketing, andpublic policy strategies,[17][18] and chairs the Bank of American Charitable Foundation.[19]

In mid-2017, Finucane was reportedly considered forUber's vacantchief executive officer position,[20] following the resignation ofTravis Kalanick.[14][21] In September 2017, she led the Bank of America's European bank board, retiring in 2021.[22][23][24]

Recognition

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Anne Finucane in 2017

Finucane was named toForbes' "most powerful women" lists in 2018,[25] 2019[26] and 2020[27] and has ranked highly on lists of influential American women, includingAmerican Banker's "most powerful women" lists in 2009,[28] 2011–2012,[29][30] and 2014–2017,[31][32][33] andFortune's "most powerful women" lists between 2016 and 2020.[34][35][36][37][38] Finucane was included inPRWeek's 2013 "Power List",[39] was ranked sixth onBoston's list of "The 100 Women Who Run This Town" in 2010,[12][40] and ranked number 20 inForbes' 2014 list of "50 Most Influential CMOs" in the world.[41][42] She was named to Barron's 100 Most Influential Women in U.S. Finance list in 2021.[43] In 2019, Finucane was inducted into theAmerican Advertising Federation'sAdvertising Hall of Fame.[44] Other honors include induction into the Academy of Distinguished Bostonians by the Greater Boston Chamber of Commerce,[45] and aMatrix Award from theAssociation for Women in Communications' New York affiliate, both in 2013. Additionally, she was honored by theRoman Catholic Archdiocese of Boston's Planning Office for Urban Affairs for her "commitment and work in the name of social justice" in 2017.[46]

Finucane was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists and creators who are over the age of 50.[47]

Other work

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U.S. PresidentJoe Biden appointed Finucane to thePresident's Intelligence Advisory Board in 2022.[48] As of 2016, she was advising U.S. Secretary of StateJohn Kerry as part of the Department of State'sForeign Affairs Policy Board.[49] Finucane is a member of theCouncil on Foreign Relations[50] and the Global Leadership Council for theRockefeller Foundation's Global Energy Alliance for People and Planet,[51] and previously served on theWorld Bank Group's Women Entrepreneurs Finance Initiative.[52]

Finucane serves on the boards ofWilliams-Sonoma, Inc.,[53][54]CVS Health (since January 2011),[55][56]Partners HealthCare,[50]Brigham and Women's Hospital (as vice chair of trustees),[57]One Campaign,[58]Special Olympics (as vice chair and lead director),[59][60] andThe Ireland Funds.[61][62][63] Previously, she has served on the boards ofCarnegie Hall, theNational September 11 Memorial & Museum,[64] theInternational Center for Journalists, theJohn F. Kennedy Presidential Library, the Boston Public Library Foundation, theMuseum of Fine Arts, Boston, and theJohn F. Kennedy Library Foundation,[65][66] and she was president of the Massachusetts Women's Forum.[67]

Personal life

[edit]

Finucane is married to the journalistMike Barnicle, who has three children from another marriage; the couple have four adult children of their own,[68] and live inLincoln, Massachusetts.[9][10] In 2012,Boston magazine included Finucane and Barnicle in a list of the city's "power couples".[69]

References

[edit]
  1. ^Doherty, Katherine (December 20, 2022)."Finuncane Steps Down, Donofrio Takes Over as Chair of BofA Europe".Bloomberg.
  2. ^Nguyen, Lananh (August 26, 2021)."Two of Bank of America's Post-Crisis Leaders Will Retire".The New York Times.
  3. ^Doherty, Kathleen (December 20, 2022)."Finucane Steps Down, Donofrio Takes Over as Chair of BofA Europe".Bloomberg.{{cite web}}: CS1 maint: url-status (link)
  4. ^Menconi, Arn (June 24, 2024)."Toward net zero: Insights and innovations from Aspen Ideas Festival".The Aspen Times.
  5. ^David, Javier E. (November 30, 2022)."Ex-banker crosses the Rubicon to build carbon sector".Axios.
  6. ^Mark, Segal (April 8, 2021)."Bank of America Sets $1.5 Trillion Sustainable Finance Goal".ESG Today.
  7. ^"World's Best Bank for Corporate Responsibility 2020: Bank of America".Euromoney. 2020-09-10. Retrieved2021-08-03.
  8. ^Colman, Zack (12 March 2021)."Kerry to Wall Street: Put your money behind your climate PR".POLITICO. Retrieved2021-08-03.
  9. ^abcdefghStory, Louise; Morgenson, Gretchen (January 14, 2012)."The Image Officer with a Lot to Fix".The New York Times.ISSN 0362-4331.OCLC 1645522. RetrievedJanuary 10, 2018.
  10. ^ab"Anne Finucane/Bank of America".Irish America. January 2011.ISSN 0884-4240. RetrievedJanuary 10, 2018.
  11. ^"The Boston Globe from Boston, Massachusetts on February 5, 2017 · B10".The Boston Globe. 2017-02-05.Archived from the original on 2021-07-22. Retrieved2021-07-23.
  12. ^abBaime, A.J. (October 5, 2010)."Power: The 100 Women Who Run This Town".Boston.Metrocorp. RetrievedJanuary 10, 2018.
  13. ^Portillo, Caroline McMillan (September 22, 2014)."Straight talk from the so-called 'brutal' Anne Finucane, one of banking's most powerful women".The Business Journals.American City Business Journals. RetrievedJanuary 4, 2018.
  14. ^abKosoff, Maya (July 21, 2017)."Uber Gets a New Front-Runner in the Race to Replace Travis Kalanick".Vanity Fair.Condé Nast. RetrievedJanuary 10, 2018.
  15. ^"Bank of America names Anne Finucane vice chairwoman".The Boston Globe. July 22, 2015. RetrievedJanuary 11, 2018.
  16. ^D'Silva, Anil; Maan, Lehar; Raman, Rama Venkat (July 22, 2015)."Bank of America replaces CFO in management shake-up". Reuters. RetrievedJanuary 11, 2018.
  17. ^"Most Powerful Women".Fortune.Time Inc. 2017.ISSN 0015-8259. Archived fromthe original on December 5, 2017. RetrievedJanuary 4, 2018.
  18. ^Gernon, David (July 20, 2017)."A Bank of America vice chairman has been contacted about Uber's vacant CEO position, according to a report".CNBC. RetrievedJanuary 4, 2018.
  19. ^Peters, Andy (July 20, 2017)."B of A's Finucane said to be in the running for Uber CEO job".American Banker. RetrievedJanuary 9, 2018.
  20. ^.ISSN 0002-7561.{{cite journal}}:Cite journal requires|journal= (help);Missing or empty|title= (help)
  21. ^Primack, Dan (July 20, 2017)."Scoop: Bank of America exec discussed for Uber CEO role".Axios. Axios Media. RetrievedJanuary 10, 2018.
  22. ^"Moves: Bank of America names leaders for new European hub".Reuters. September 27, 2017. RetrievedJanuary 10, 2018.
  23. ^Brennan, Joe (September 27, 2017)."Bank of America picks top executive to run post-Brexit EU hub in Dublin".The Irish Times. Irish Times Trust. RetrievedJanuary 11, 2018.
  24. ^Nguyen, Lananh (2021-08-26)."Two of Bank of America's Post-Crisis Leaders Will Retire".The New York Times. Retrieved2024-06-04.
  25. ^Kristin, Stoller (December 4, 2018)."These Are The Most Powerful Women In Finance In 2018".Forbes.com. RetrievedJanuary 28, 2019.{{cite web}}: CS1 maint: url-status (link)
  26. ^Lovato, Maria (December 12, 2019)."These Massachusetts businesswomen rank higher than Queen Elizabeth on Forbes list of powerful women".bostonglobe.com.{{cite web}}: CS1 maint: url-status (link)
  27. ^Todd-Ryan, Samantha (December 8, 2020)."From Ana Botín To Anne Finucane, These Are 2020's Most Powerful Women In Finance".Forbes.com. Retrieved2021-07-21.{{cite web}}: CS1 maint: url-status (link)
  28. ^"The 25 Most Powerful Women in Banking Take Charge in Turbulent Times".American Banker. 2009-10-01. Retrieved2021-07-21.
  29. ^"The 25 Most Powerful Women in Banking".American Banker. 2011-09-25. Retrieved2021-07-21.
  30. ^"Women in Banking: The Most Powerful in 2012".American Banker. 2012-10-01. Retrieved2021-07-21.
  31. ^"No. 12: Anne Finucane, Bank of America".American Banker. September 22, 2015. RetrievedJanuary 9, 2018.
  32. ^"The 25 Most Powerful Women in Banking".American Banker. 2014-09-22. Retrieved2021-07-21.
  33. ^"10. Anne Finucane, Bank of America".American Banker. September 25, 2016. RetrievedJanuary 9, 2018.
  34. ^"Most Powerful Women 2016: Anne Finucane".Fortune.Archived from the original on 2020-08-05.
  35. ^Henderson, Bruce (September 8, 2016)."Duke Energy CEO moves up Fortune's "most powerful women" list".The Charlotte Observer. The McClatchy Company.ISSN 2331-7221. RetrievedJanuary 11, 2018.
  36. ^"Most Powerful Women 2018: Anne Finucane".Fortune.Archived from the original on 2020-08-04.
  37. ^"Most Powerful Women 2019: Anne Finucane".Fortune.Archived from the original on 2020-08-06.
  38. ^"Most Powerful Women 2020: Anne Finucane".Fortune.Archived from the original on 2020-10-31.
  39. ^"Anne Finucane: Power List 2013".PRWeek.Haymarket Media Group. July 1, 2013. RetrievedJanuary 10, 2018.
  40. ^Baime, A.J. (October 5, 2010)."Power: The 100 Women Who Run This Town".Boston magazine.
  41. ^Monllos, Kristina (November 7, 2014)."Here Are Forbes' 50 Most Influential CMOs of 2014".Adweek. Beringer Capital.ISSN 0199-2864. RetrievedJanuary 11, 2018.
  42. ^Rooney, Jennifer (November 7, 2014)."The World's Most Influential CMOs 2014".Forbes.ISSN 0015-6914. RetrievedJanuary 11, 2018.
  43. ^Norton, Leslie P."Anne Finucane".www.barrons.com. Retrieved2021-07-21.
  44. ^"Advertising Hall of Fame 2019 | AAF".www.aaf.org. Retrieved2021-07-21.
  45. ^Reidy, Chris (February 13, 2013)."Greater Boston Chamber of Commerce will honor Deval Patrick, Anne Finucane, and David McCullough as 'distinguished Bostonians'".Boston.com. Boston Globe Electronic Publishing Inc. RetrievedJanuary 11, 2018.
  46. ^"Finucane honored by Planning Office for Urban Affairs".The Pilot.Roman Catholic Archdiocese of Boston. June 16, 2017.ISSN 0744-933X. RetrievedJanuary 11, 2018.
  47. ^Gross, Elana Lyn; Voytko, Lisette; McGrath, Maggie (2021-06-02)."The New Golden Age".Forbes. Retrieved2021-06-02.
  48. ^"President Biden Announces Key Appointments to Boards and Commissions".whitehouse.gov. October 14, 2022.
  49. ^"The 25 Most Powerful Women in Banking".American Banker. September 25, 2016.
  50. ^ab"Finucane honored by Planning Office for Urban Affairs".The Pilot.Roman Catholic Archdiocese of Boston. June 16, 2017.ISSN 0744-933X. RetrievedJanuary 11, 2018.
  51. ^Heath, Ryan (September 21, 2022)."Norway open to gas price caps".Politico.
  52. ^"CJ vice chair appointed to women's business initiative".Korea JoongAng Daily. May 1, 2018.
  53. ^Leung, Shirley (December 29, 2021)."Twice, Anne Finucane stepped back from her career. She still became one of the most powerful women in Corporate America".The Boston Globe.She also will continue to serve on the boards of CVS Health and Williams-Sonoma
  54. ^"Anne Finucane".Williams-Sonoma, Inc.
  55. ^Cite error: The named referenceAB20152 was invoked but never defined (see thehelp page).
  56. ^"Anne M. Finucane".CVS Health. Archived fromthe original on May 4, 2018. RetrievedMarch 5, 2018.
  57. ^"Brigham and Women's Hospital Leadership".Brigham and Women's Hospital.
  58. ^"Anne Finucane".One Campaign.
  59. ^Cite error: The named referenceIrishAmerica2 was invoked but never defined (see thehelp page).
  60. ^"Anne Finucane: Board of Directors".Special Olympics.
  61. ^"Board of Directors". The Ireland Funds.
  62. ^Cite error: The named referenceBrennan2 was invoked but never defined (see thehelp page).
  63. ^"Anne Finucane honored by American Ireland Fund".The Boston Globe. November 14, 2015. RetrievedJanuary 11, 2017.
  64. ^"Board of Trustees".National September 11 Memorial & Museum.
  65. ^"JFK Library Foundation selects first female chief".The Boston Globe. January 29, 2014. RetrievedJanuary 11, 2017.
  66. ^McCambridge, Ruth (August 7, 2015)."The JFK Museum's Epic Argument".Nonprofit Quarterly. RetrievedJanuary 11, 2018.
  67. ^Cite error: The named referencePower2 was invoked but never defined (see thehelp page).
  68. ^Ferro, Shane (January 21, 2016)."Banking Doesn't Have to Be a Boys' Club, Bank of America Exec Says".HuffPost. RetrievedJanuary 11, 2018.
  69. ^"Boston's Power Couples".Boston. March 28, 2012. RetrievedAugust 4, 2021.

External links

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Courage in Journalism
Lifetime Achievement
Anja Niedringhaus
Gwen Ifill
Wallis Annenberg
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