Anne Finucane Explained

Anne Finucane
Birth Date:18 July 1952
Birth Place:Boston, Massachusetts, U.S.
Spouse:Mike Barnicle
Children:4 (plus 3 stepchildren)
Education:University of New Hampshire, Durham (BA)

Anne Finucane (born July 18, 1952) is an American banker who was vice chair of Bank of America and chair of Bank of America Europe until retiring from the bank in 2021,[1] after which she became a senior advisor to TPG Rise Climate and chair of Rubicon Carbon.[2] [3] While at Bank of America, she led its socially responsible investing, global public policy, and environmental, social and corporate governance committee.[4] [5]

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

Early life and education

Finucane was born to an Irish-American family, and raised as the fourth of six children in Newton, Massachusetts.[6] The lineages of both her parents trace back to County Cork.[7] Her father, William, "was general counsel to the Boston Patriots and local banks.[8] Her mother, Mary, was a homemaker and distant relative of Tip O'Neill.[6] Finucane was friends with one of Robert Q. Crane's daughters, and Crane introduced Finucane to the then Mayor of Boston, Kevin White. Following completion of her studies at the University of New Hampshire, Finucane worked in the mayor's arts office.[6]

Career

Finucane entered the banking industry when she joined Fleet Financial in 1995, as head of corporate affairs and marketing.[6] She worked to improve the bank's reputation following a subprime lending crisis, and helped in company acquisitions.[6] Fleet Financial later merged with BankBoston, then Bank of America.[6] Finucane became FleetBoston Financial's executive vice president for corporate marketing and communications.[9] She was Bank of America's global chief strategy and marketing officer after the financial crisis of 2007–2008 when the bank lost 55% of its value, "symboliz[ing] all that was wrong" with US banks.[6] [10] [11]

She became the company's vice chair in 2015.[12] [13] Finucane co-chaired the company’s sustainable markets committee, chairs the environmental, social and corporate governance committee, leads customer analytics, global marketing, and public policy strategies,[14] [15] and chairs the Bank of American Charitable Foundation.[16]

In mid-2017, Finucane was reportedly considered for Uber's vacant chief executive officer position,[17] following the resignation of Travis Kalanick.[11] [18] In September 2017, she led the Bank of America's European bank board, retiring in 2021.[19] [20] [21]

Recognition

Finucane ranked sixth on Boston list of "The 100 Women Who Run This Town" in 2010.[9] She has ranked highly on lists of influential American women, including American Banker "most powerful women" lists in 2009,[22] 2011–2012,[23] [24] and 2014–2017,[17] [25] [26] [27] Fortune "most powerful women" lists between 2016 and 2020,[14] [28] [29] [30] [31] [32] and Forbes "most powerful women" lists in 2019 and 2020.[33] Finucane was included in PRWeek 2013 "Power List",[34] and ranked number 20 in Forbes 2014 list of "50 Most Influential CMOs" in the world.[35] [36] She was named to Barron's 100 Most Influential Women in U.S. Finance list in 2021.[37] In 2019, Finucane was inducted into the American Advertising Federation's Advertising Hall of Fame.[38] Other honors include induction into the Academy of Distinguished Bostonians by the Greater Boston Chamber of Commerce,[39] and a Matrix Award from the Association for Women in Communications New York affiliate, both in 2013. Additionally, she was honored by the Roman Catholic Archdiocese of Boston's Planning Office for Urban Affairs for her "commitment and work in the name of social justice" in 2017.[40]

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.[41]

Other work

U.S. President Joe Biden appointed Finucane to the President's Intelligence Advisory Board in 2022.[42] As of 2016, she was advising U.S. Secretary of State John Kerry as part of the Department of State's Foreign Affairs Policy Board.[43] Finucane is a member of the Council on Foreign Relations[44] and the Global Leadership Council for the Rockefeller Foundation's Global Energy Alliance for People and Planet,[45] and previously served on the World Bank Group's Women Entrepreneurs Finance Initiative.[46]

Finucane serves on the boards of Williams-Sonoma, Inc.,[47] [48] CVS Health (since January 2011),[49] Partners HealthCare, Brigham and Women's Hospital (as vice chair of trustees),[50] One Campaign,[51] Special Olympics (as vice chair and lead director),[52] and The Ireland Funds.[53] [54] Previously, she has served on the boards of Carnegie Hall, the National September 11 Memorial & Museum,[55] the International Center for Journalists, the John F. Kennedy Presidential Library, the Boston Public Library Foundation, the Museum of Fine Arts, Boston, and the John F. Kennedy Library Foundation,[56] [57] and she was president of the Massachusetts Women's Forum.

Personal life

Finucane is married to the journalist Mike Barnicle, who has three children from another marriage; the couple have four adult children of their own,[58] and live in Lincoln, Massachusetts.[6] [7] In 2012, Boston magazine included Finucane and Barnicle in a list of the city's "power couples".[59]

External links

Notes and References

  1. News: Nguyen . Lananh . August 26, 2021 . Two of Bank of America’s Post-Crisis Leaders Will Retire . The New York Times.
  2. News: Menconi . Arn . June 24, 2024 . Toward net zero: Insights and innovations from Aspen Ideas Festival . The Aspen Times.
  3. News: David . Javier E. . November 30, 2022 . Ex-banker crosses the Rubicon to build carbon sector . Axios.
  4. Web site: 2020-09-10 . World's Best Bank for Corporate Responsibility 2020: Bank of America . 2021-08-03 . Euromoney . en.
  5. Web site: Colman . Zack . 12 March 2021 . Kerry to Wall Street: Put your money behind your climate PR . 2021-08-03 . POLITICO . en.
  6. News: The Image Officer with a Lot to Fix. January 14, 2012. January 10, 2018. The New York Times. Louise. Story. Gretchen. Morgenson. 0362-4331. 1645522.
  7. Anne Finucane/Bank of America. Irish America. January 2011 . January 10, 2018. 0884-4240.
  8. Web site: 2017-02-05. The Boston Globe from Boston, Massachusetts on February 5, 2017 · B10. live. 2021-07-23. The Boston Globe. en. https://web.archive.org/web/20210722143523/https://www.newspapers.com/newspage/444615855/ . 2021-07-22 .
  9. Power: The 100 Women Who Run This Town. Boston. October 5, 2010. January 10, 2018. Metrocorp.
  10. Portillo. Caroline McMillan. Straight talk from the so-called 'brutal' Anne Finucane, one of banking's most powerful women. The Business Journals. September 22, 2014. January 4, 2018. American City Business Journals.
  11. Kosoff. Maya. Uber Gets a New Front-Runner in the Race to Replace Travis Kalanick. Vanity Fair. July 21, 2017. January 10, 2018. Condé Nast.
  12. News: Bank of America names Anne Finucane vice chairwoman. January 11, 2018. The Boston Globe. July 22, 2015.
  13. News: Bank of America replaces CFO in management shake-up. January 11, 2018. Reuters. July 22, 2015. Anil. D'Silva. Lehar. Maan. Rama Venkat. Raman.
  14. Most Powerful Women. Fortune. 2017. January 4, 2018. Time Inc.. 0015-8259. December 5, 2017. https://web.archive.org/web/20171205155310/http://fortune.com/most-powerful-women/anne-finucane-50/. dead.
  15. News: Gernon. David. A Bank of America vice chairman has been contacted about Uber's vacant CEO position, according to a report. January 4, 2018. CNBC. July 20, 2017.
  16. Peters. Andy. B of A's Finucane said to be in the running for Uber CEO job. American Banker. July 20, 2017. January 9, 2018.
  17. Wack. Kevin. Most Powerful Women in Banking: No. 9, B of A's Anne Finucane. American Banker. September 25, 2017. January 9, 2018. 0002-7561.
  18. Web site: Primack. Dan. Scoop: Bank of America exec discussed for Uber CEO role. Axios. Axios Media. January 10, 2018. July 20, 2017.
  19. News: Moves: Bank of America names leaders for new European hub. January 10, 2018. Reuters. September 27, 2017.
  20. News: Brennan. Joe. Bank of America picks top executive to run post-Brexit EU hub in Dublin. January 11, 2018. The Irish Times. Irish Times Trust. September 27, 2017.
  21. Web site: Nguyen . Lananh . 2021-08-26 . Two of Bank of America’s Post-Crisis Leaders Will Retire . 2024-06-04 . The New York Times . en-US.
  22. Web site: 2009-10-01. The 25 Most Powerful Women in Banking Take Charge in Turbulent Times. 2021-07-21. American Banker. en.
  23. Web site: 2011-09-25. The 25 Most Powerful Women in Banking. 2021-07-21. American Banker. en.
  24. Web site: 2012-10-01. Women in Banking: The Most Powerful in 2012. 2021-07-21. American Banker. en.
  25. No. 12: Anne Finucane, Bank of America. American Banker. September 22, 2015. January 9, 2018.
  26. Web site: 2014-09-22. The 25 Most Powerful Women in Banking. 2021-07-21. American Banker. en.
  27. 10. Anne Finucane, Bank of America. American Banker. September 25, 2016. January 9, 2018.
  28. Web site: Most Powerful Women 2016: Anne Finucane. live. Fortune. https://web.archive.org/web/20200805050234/https://fortune.com/most-powerful-women/2016/anne-finucane/ . 2020-08-05 .
  29. News: Henderson. Bruce. September 8, 2016. Duke Energy CEO moves up Fortune's "most powerful women" list. The Charlotte Observer. The McClatchy Company. 2331-7221. January 11, 2018.
  30. Web site: Most Powerful Women 2018: Anne Finucane. live. Fortune. https://web.archive.org/web/20200804225856/https://fortune.com/most-powerful-women/2018/anne-finucane/ . 2020-08-04 .
  31. Web site: Most Powerful Women 2019: Anne Finucane. live. Fortune. https://web.archive.org/web/20200806090718/https://fortune.com/most-powerful-women/2019/anne-finucane/ . 2020-08-06 .
  32. Web site: Most Powerful Women 2020: Anne Finucane. live. Fortune. https://web.archive.org/web/20201031083748/https://fortune.com/most-powerful-women/2020/anne-finucane/ . 2020-10-31 .
  33. Web site: Anne Finucane. 2021-07-21. Forbes. en.
  34. Anne Finucane: Power List 2013. PRWeek. July 1, 2013. January 10, 2018. Haymarket Media Group.
  35. Monllos. Kristina. Here Are Forbes' 50 Most Influential CMOs of 2014. Adweek. November 7, 2014. January 11, 2018. Beringer Capital. 0199-2864.
  36. Rooney. Jennifer. The World's Most Influential CMOs 2014. Forbes. November 7, 2014. January 11, 2018. 0015-6914.
  37. Web site: Norton. Leslie P.. Anne Finucane. 2021-07-21. www.barrons.com. en-US.
  38. Web site: Advertising Hall of Fame 2019 AAF. 2021-07-21. www.aaf.org. en.
  39. News: Reidy. Chris. Greater Boston Chamber of Commerce will honor Deval Patrick, Anne Finucane, and David McCullough as 'distinguished Bostonians'. January 11, 2018. Boston.com. Boston Globe Electronic Publishing Inc.. February 13, 2013.
  40. News: June 16, 2017 . Finucane honored by Planning Office for Urban Affairs . January 11, 2018 . . . 0744-933X.
  41. News: Gross . Elana Lyn . Voytko . Lisette . McGrath . Maggie . The New Golden Age . . 2021-06-02 . 2021-06-02 .
  42. Web site: October 14, 2022 . President Biden Announces Key Appointments to Boards and Commissions . whitehouse.gov.
  43. News: September 25, 2016 . The 25 Most Powerful Women in Banking . American Banker.
  44. News: June 16, 2017 . Finucane honored by Planning Office for Urban Affairs . January 11, 2018 . . . 0744-933X.
  45. News: Heath . Ryan . September 21, 2022 . Norway open to gas price caps . Politico.
  46. News: May 1, 2018 . CJ vice chair appointed to women’s business initiative . Korea JoongAng Daily.
  47. News: 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.
  48. Web site: Anne Finucane . Williams-Sonoma, Inc..
  49. Web site: Anne M. Finucane . dead . https://web.archive.org/web/20180504124341/http://investors.cvshealth.com/corporate-governance/board-of-directors/anne-m-finucane . May 4, 2018 . March 5, 2018 . CVS Health.
  50. Web site: Brigham and Women's Hospital Leadership . Brigham and Women's Hospital.
  51. Web site: Anne Finucane . One Campaign.
  52. Web site: Anne Finucane: Board of Directors . Special Olympics.
  53. Web site: Board of Directors . The Ireland Funds.
  54. News: November 14, 2015 . Anne Finucane honored by American Ireland Fund . January 11, 2017 . The Boston Globe.
  55. Web site: Board of Trustees . National September 11 Memorial & Museum.
  56. News: January 29, 2014 . JFK Library Foundation selects first female chief . January 11, 2017 . The Boston Globe.
  57. News: McCambridge . Ruth . August 7, 2015 . The JFK Museum's Epic Argument . January 11, 2018 . Nonprofit Quarterly.
  58. News: Ferro. Shane. Banking Doesn't Have to Be a Boys' Club, Bank of America Exec Says. January 11, 2018. HuffPost. January 21, 2016.
  59. Boston's Power Couples . . March 28, 2012 . August 4, 2021.

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