William B. Summers Jr.
William B. Summers Jr. In June of 2006, after more than thirty-five years, William B. Summers Jr. retired from McDonald Investments Inc., having served as Chairman since 1998. He previously served as President and CEO of McDonald Investments, an independent public company listed on the NYSE, prior to the sale of the company to KeyCorp in 1998.
Summers joined McDonald & Co. as an intern in its Municipal Bond Department in 1971, a year before graduating from Baldwin-Wallace University. In April 1975, he was named a General Partner of McDonald & Company, the youngest partner in the firm’s history, and in 1980 he was named Partner-in-Charge of Municipal Trading and Underwriting. In 1984, he became Executive Vice President in charge of Institutional Fixed-Income Sales, a post he maintained until October 1988, when he was promoted to Executive Vice President and Chief Operating Officer of McDonald & Co. Investments, Inc. In April 1989, Summers was named President of McDonald & Co. Securities, Inc. and McDonald & Co. Investments, Inc. In January 1994, he was named Chief Executive Officer of McDonald & Co. Securities, Inc. and McDonald & Co. Investments, Inc. Summers was named Chairman of McDonald & Co. Securities, Inc. in August of 1995. In the fall of 1998, while CEO, McDonald & Company Investments, Inc. was sold to KeyCorp, and Summers became an Executive Vice President of KeyCorp, Chairman of Key Capital Partners and a member of the KeyCorp Management Committee, positions he held until 2000, when he retired from executive management.
Summers has been active in a wide range of securities industry activities. In March of 2006 he concluded service as a member of the Board of Executives of the New York Stock Exchange, having served previously as a Director of the NYSE from 1998-2003 Summers served on the National Association of Securities Dealers (now FINRA) Board of Governors from 1989-1992 and was elected Chairman of the Board in 1991. He also served as a member of the NASDAQ Stock Market Board of Directors from 1992 – 1994 and as Chairman of the Board in 1994. He is also as active and involved in a host of civic and charitable activities.
Presently, Summers serves on the Board of Directors of RPM International, Inc. and Greatbatch, Inc. He has served as a national judge for Ernst & Young’s Entrepreneur of the Year Awards from 2011-2013 and inducted into the Northeast Ohio Business Hall of Fame in 2013.
Summers resides in the Cleveland suburb of Rocky River with his wife Pam and three children.