Rudolph A. Peterson
Rudolph Arvid Peterson (December 6, 1904 - December 2, 2003) was an American banker who served as the President and CEO of Bank of America and Administrator of the United Nations Development Programme. [1]
Contents
Background
Peterson was born into a family of six children in Svenljunga, Västra Götaland, Sweden. He was adopted by his maternal uncle and aunt who emigrated in September 1905. At first they lived in Youngstown, Ohio, United States. In 1907 they joined a trainload of young Swedish families set out for California. They settled down in Los Angeles. In 1913 the family moved to Hilmar in Merced County, California, a Swedish immigrant farming colony outside Turlock, California. He graduated from the Hilmar High School and the University of California, Berkeley, (B.S. 1925).[2][3]
Career
During his career, he worked at Commercial Credit Corporation, the Transamerica Corporation and the Bank of Hawaii. He joined Bank of America in 1936 and spent two decades in California before leaving for six years with the Bank of Honolulu. He was president of the Bank of Honolulu when he returned to Bank of America in 1961 as vice chairman. Bank of America named him president and chief executive in 1963. He retired at the end of 1969 and was succeeded by Alden W. Clausen. In 1972, Peterson became the second Administrator of the United Nations Development Programme, managing that body's economic assistance activities throughout the world. [4] [5]
Rudolph A. Peterson was the University of California, Berkeley 1967 Alumnus of the Year and received the Chancellor’s Award in 1991. In 1965, Peterson was selected to be Swedish-American of the Year by the Swedish Council of America. He later served as chairman of Board of Directors of the Council from 1989–1991. [6] [7]
References
- ↑ Finance Pioneer Peterson Passes Away (Haas School of Business, University of California, Berkeley)
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Rudolph A. Peterson, 98; Extended Global Reach of Bank of America (Los Angeles Times. December 16, 2003)
- ↑ Rudolph A. Peterson, 58, elected this week to the presidency of the Bank of America (Time Magazine Friday, Oct. 18, 1963)
- ↑ Rudolph Peterson, 98, Chief of Bank of America in 1960's (The New York Times. December 11, 2003)
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
Diplomatic posts | ||
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Preceded by | Administrator of the United Nations Development Programme 1972–1976 |
Succeeded by F. Bradford Morse |
- Administrators of the United Nations Development Programme
- 1904 births
- 2003 deaths
- People from Västra Götaland County
- American people of Swedish descent
- Swedish emigrants to the United States
- University of California, Berkeley alumni
- American bankers
- American chief executives of financial services companies