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Northern Trust Corp (NTRS.OQ)

NTRS.OQ on NASDAQ Stock Exchange Global Select Market

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20 Jul 2018
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Summary

Name Age Since Current Position

Frederick Waddell

64 2018 Chairman of the Board

Michael O'Grady

52 2018 President, Chief Executive Officer, Director

William Morrison

67 2016 Vice Chairman of the Board

Stephen Potter

61 2017 Vice Chairman of the Board

S. Biff Bowman

54 2014 Chief Financial Officer, Executive Vice President

Shundrawn Thomas

44 2017 President - Asset Management

Jana Schreuder

59 2014 Chief Operating Officer, Executive Vice President

Robert Browne

52 2014 Executive Vice President, Chief Investment Officer

Susan Levy

60 2014 Executive Vice President, General Counsel

S. Gillian Pembleton

59 2014 Executive Vice President - Human Resources

Peter Cherecwich

53 2017 Executive Vice President and President – Corporate & Institutional Services

Jeffrey Cohodes

57 2017 Executive Vice President and President – Corporate & Institutional Services, North America

Steven Fradkin

56 2014 Executive Vice President, President - Wealth Management

Teresa Parker

57 2017 Executive Vice President and President – Corporate & Institutional Services, Europe, Middle East and Africa

Joyce St. Clair

58 2015 Executive Vice President and Chief Capital Management Officer

Wilson Leech

56 2017 Chief Risk Officer

Aileen Blake

50 2017 Controller

John Rowe

74 2010 Lead Independent Director

Linda Bynoe

65 2006 Independent Director

Susan Crown

59 1997 Independent Director

Dean Harrison

63 2015 Independent Director

Jay Henderson

62 2016 Independent Director

Jose Prado

63 2012 Independent Director

Thomas Richards

64 2015 Independent Director

Martin Slark

63 2011 Independent Director

David Smith

51 2010 Independent Director

Donald Thompson

55 2015 Independent Director

Charles Tribbett

62 2005 Independent Director

Biographies

Name Description

Frederick Waddell

Mr. Frederick H. Waddell has been appointed as Chairman of the Board of the Company effective January 1, 2018. He is Chairman of the Board of the Corporation and the Bank since 2009. Mr. Waddell served as Chief Executive Officer of the Corporation and the Bank from 2008 to 2017; as President of the Corporation and the Bank from 2006 to 2011 and from October to December 2016; as Chief Operating Officer of the Corporation and the Bank from 2006 to 2008; and as Executive Vice President of the Bank from 1997 to 2006 and of the Corporation from 2003 to 2006. Mr. Waddell is a director of AbbVie, Inc. and International Business Machines Corporation. Mr. Waddell joined Northern Trust in 1975 and has held leadership positions in a variety of the Corporation’s businesses. The Board concluded that Mr. Waddell should serve as a director based on his extensive experience with respect to the Corporation’s businesses.

Michael O'Grady

Mr. Michael G. O'Grady has been appointed as President, Chief Executive Officer, Director of the Company effective January 1, 2018. Previously, Mr. O’Grady served as President of the Corporation and the Bank since January 1, 2017. Previously, Mr. O’Grady served as President of Northern Trust’s Corporate & Institutional Services business from 2014 to 2016 and as Chief Financial Officer of the Corporation and the Bank from 2011 to 2014. Before joining Northern Trust in 2011, Mr. O’Grady served as a Managing Director in Bank of America Merrill Lynch’s Investment Banking Group. The Board concluded that Mr. O’Grady should serve as a director based on his experience and ongoing responsibilities with respect to the Corporation’s businesses.

William Morrison

Mr. William L. Morrison is Vice Chairman of the Board of the Company. Mr. Morrison, age 67, joined Northern Trust in 1996 and has served as Vice Chairman since October 2016. Prior to that, Mr. Morrison served as President from 2011 to 2016 and as Executive Vice President and Chief Financial Officer from 2009 to 2011. From 2003 to 2009, he served as President of Wealth Management.

Stephen Potter

Mr. Stephen N. Potter re-designated as Vice Chairman of the Board of the company, with effective October 1, 2017. Prior to that, Mr. Potter, age 61, joined Northern Trust in 1982 and has served as Vice Chairman since October 2017. Prior to that, Mr. Potter served as Executive Vice President and President of Asset Management from 2008 to 2017. From 2001 to 2008, Mr. Potter served as Executive Vice President, Corporate & Institutional Services for Europe, Middle East and Africa.

S. Biff Bowman

Mr. S. Biff Bowman is Chief Financial Officer, Executive Vice President of the Company. Prior to that, Mr. Bowman, age 54, joined Northern Trust in 1985 and has served as Executive Vice President and Chief Financial Officer since 2014. Prior to that, Mr. Bowman served as Executive Vice President, Human Resources from 2012 to 2014. From 2010 to 2012, Mr. Bowman was the Head of Americas for Corporate & Institutional Services. From 2008 to 2010, he served as Executive Vice President, Corporate & Institutional Services for Europe, Middle East and Africa.

Shundrawn Thomas

Mr. Shundrawn A. Thomas serves as President - Asset Management of the Company, with effective from October 1, 2017. Thomas currently oversees the development, management and distribution of Northern Funds, Northern Institutional Funds and FlexShares Exchange Traded Funds as well as related business activities. Mr. Thomas, age 44, joined Northern Trust in 2004 and has served as Executive Vice President and President of Asset Management since October 2017. Prior to that, Mr. Thomas served as Executive Vice President and Head of the Funds and Managed Accounts Group from 2014 to 2017 and as Head of the Exchange-Traded Funds Group from 2010 to 2014. He also previously served as President and Chief Executive Officer of Northern Trust Securities, Inc. from 2009 to 2010 and as Head of Corporate Strategy from 2006 to 2009.

Jana Schreuder

Ms. Jana R. Schreuder is no longer Chief Operating Officer, Executive Vice President of the Company, effective August 31, 2018. Prior to that, Ms. Schreuder, age 59, joined Northern Trust in 1980 and has served as Executive Vice President and Chief Operating Officer since 2014. Prior to that, Ms. Schreuder served as President of Wealth Management from 2011 to 2014. She served as President of Operations & Technology from 2006 to 2011, and as Chief Risk Officer from 2005 to 2006.

Robert Browne

Mr. Robert P. Browne is Executive Vice President and Chief Investment Officer of the company. Before joining Northern Trust, Mr. Browne, age 52, joined Northern Trust in 2009 as Executive Vice President and Chief Investment Officer. Before joining Northern Trust, Mr. Browne served as Chief Investment Officer for Fixed Income and Proprietary Investments for ING Investment Management Holdings N.V. from 2004 to 2009.

Susan Levy

Ms. Susan C. Levy is the Executive Vice President and General Counsel of the Company. Before joining Northern Trust, Ms. Levy, age 60, joined Northern Trust in 2014 as Executive Vice President and General Counsel. Before joining Northern Trust, Ms. Levy served as Managing Partner of the law firm Jenner & Block from 2008 to 2014, where she was a partner since 1990.

S. Gillian Pembleton

Ms. S. Gillian Pembleton is Executive Vice President, Human Resources of the company. Prior to that, Ms. Pembleton, age 59, joined Northern Trust in 1991 and has served as Executive Vice President, Human Resources since 2014. Prior to that, Ms. Pembleton was responsible for Human Resources and Administration for Europe, Middle East and Africa from 2006 to 2014. From 2001 to 2006, she was the Global Head of Staffing and Development.

Peter Cherecwich

Mr. Peter B. Cherecwich is Executive Vice President and President – Corporate & Institutional Services of Global Fund Services of the Company, with effect from February 1, 2017. Mr. Cherecwich, age 53, joined Northern Trust in 2007 and has served as Executive Vice President and President of Corporate & Institutional Services since February 2017. Prior to that, Mr. Cherecwich served as Executive Vice President and President of Global Fund Services from 2010 to 2017 and as Chief Operating Officer of Corporate & Institutional Services from 2008 to 2014. From 2007 to 2008, he served as Head of Institutional Strategy & Product Development. Before joining Northern Trust, Mr. Cherecwich served in several executive and operational roles at State Street Corporation.

Jeffrey Cohodes

Mr. Jeffrey D. Cohodes is Executive Vice President and President – Corporate & Institutional Services, North America of the Company. Prior to that, Mr. Cohodes, age 57, joined Northern Trust in 1993 and has served as Executive Vice President and President of Corporate & Institutional Services for North America since February 2017. Prior to that, Mr. Cohodes served as Executive Vice President and Chief Risk Officer from 2011 to 2017. Mr. Cohodes also served as an Executive Vice President in the Wealth Management business from 2010 to 2011 and as the Chief Operating Officer for Asset Management from 2009 to 2010.

Steven Fradkin

Mr. Steven L. Fradkin is Executive Vice President and President - Wealth Management of the Company. Prior to that, Mr. Fradkin, age 56, joined Northern Trust in 1985 and has served as Executive Vice President and President of Wealth Management since September 2014. Prior to that, Mr. Fradkin served as President of Corporate & Institutional Services from 2009 to 2014. He served as Chief Financial Officer from 2004 to 2009.

Teresa Parker

Ms. Teresa A. Parker is Executive Vice President and President – Corporate & Institutional Services, Europe, Middle East and Africa of the Company. Parker is Chief Operating Officer for C&IS, responsible for ensuring Northern Trust's business capabilities, technology and operating model meet client needs. Ms. Parker, age 57, joined Northern Trust in 1982 and has served as Executive Vice President and President of Corporate & Institutional Services for Europe, Middle East and Africa since June 2017. Prior to that, Ms. Parker served as Chief Operating Officer of Corporate & Institutional Services from 2014 to 2017. From 2009 to 2014, she served as Executive Vice President, Corporate & Institutional Services for Asia Pacific.

Joyce St. Clair

Ms. Joyce M. St. Clair is Executive Vice President and Chief Capital Management Officer of the company. Prior to that, Ms. St. Clair, age 58, joined Northern Trust in 1992 and has served as Executive Vice President and Chief Capital Management Officer since 2015. Prior to that, Ms. St. Clair served as Executive Vice President and President of Enterprise Operations from 2014 to 2015, as President of Operations & Technology from 2011 to 2014, and as Chief Risk Officer from 2007 to 2011.

Wilson Leech

Mr. Wilson Leech has been appointed as Chief Risk Officer of the Company, with effect from February 1, 2017. Prior to that, Mr. Leech, age 56, joined Northern Trust in 2004 and has served as Executive Vice President and Chief Risk Officer since February 2017. Prior to that Mr. Leech served as Executive Vice President, Corporate & Institutional Services for Europe, Middle East and Africa from 2010 to 2017 and as Head of Global Fund Services from 2005 to 2010. From 2004 to 2005, he served as Chief Financial Officer for Europe, Middle East and Africa and Asia Pacific. Before joining Northern Trust, Mr. Leech served in various operational and financial roles at State Street Corporation and the Royal Bank of Scotland.

Aileen Blake

Ms. Aileen B. Blake is appointed as Controller of Northern Trust Corporation effective May 15, 2017. Ms. Blake, age 50, joined Northern Trust in 2004 and has served as Executive Vice President and Controller since May 2017. Prior to that, Ms. Blake served as Executive Vice President and Director of Financial Planning and Strategy from February 2016 to May 2017 and as Head of Enterprise Productivity from 2011 to February 2016. She also previously served as Controller from 2004 to 2011.

John Rowe

Mr. John W. Rowe is Lead Independent Director of the Company. Mr. Rowe served as Chairman and Chief Executive Officer of Exelon Corporation from 2002 to 2012. Mr. Rowe is a director of Allstate Corporation and the non-executive Chairman of SunCoke Energy, Inc. Mr. Rowe is a former director of American DG Energy Inc. Although Mr. Rowe has reached the retirement age for directors contemplated by the Corporation’s Corporate Governance Guidelines, the Board has concluded that it is in the best interests of the Corporation and its stockholders for Mr. Rowe to continue to serve as a director of the Corporation. In making this determination, the Board considered Mr. Rowe’s management, regulatory, government relations and risk oversight experience as Chief Executive Officer at Exelon Corporation (and, prior to that, at New England Electric System and Central Maine Power Company) and his experience as a director of other complex corporations. The Board also considered Mr. Rowe’s experience as the Corporation’s Lead Director since April 2010 and the value to the Corporation and its stockholders of Mr. Rowe’s continued service in such role during the Corporation’s current leadership transition.

Linda Bynoe

Ms. Linda Walker Bynoe is Independent Director of the Company. Ms. Bynoe is a director of Anixter International Inc. and Prudential Retail Mutual Funds and a trustee of Equity Residential. She is a former director of Simon Property Group, Inc. The Board concluded that Ms. Bynoe should serve as a director based on her diverse consulting and investment experience, her expertise in public accounting, corporate governance, managing a private equity investment portfolio and strategy development and her experience as a director of financial services and other complex global corporations.

Susan Crown

Ms. Susan Crown is an Independent Director of the Company. Ms. Crown previously served as Vice President of Henry Crown and Company (company with diversified investments) from 1984 to 2015. Ms. Crown is a director of Illinois Tool Works Inc. Ms. Crown also serves as Vice Chair of the Board of Trustees of Rush University Medical Center in Chicago and as a director of CARE USA. Ms. Crown previously served two terms as a Fellow of Yale Corporation. The Board concluded that Ms. Crown should serve as a director based on her business experience, her leadership and risk oversight experience as a director of Illinois Tool Works Inc. and her extensive experience with civic and nonprofit organizations. The Board also considered the valuable perspective on governance and corporate responsibility matters that Ms. Crown brings through her current and former board service at various large organizations, both commercial and nonprofit.

Dean Harrison

Mr. Dean M. Harrison is Independent Director of the Company. Mr. Harrison President and Chief Executive Officer, Northwestern Memorial HealthCare (the primary teaching affiliate of Northwestern University Feinberg School of Medicine and parent corporation of Northwestern Memorial Hospital) since 2006. Mr. Harrison served as President of Northwestern Memorial Hospital from 1999 to 2006. The Board concluded that Mr. Harrison should serve as a director based on his extensive experience leading a large, complex organization in a highly regulated industry.

Jay Henderson

Mr. Jay L. Henderson is Independent Director of the Company. Mr. Henderson served as Vice Chairman, Client Service for PricewaterhouseCoopers LLP from 2007 to June 2016, and as Managing Partner of the Greater Chicago Market of PricewaterhouseCoopers LLP from 2003 to 2013. Mr. Henderson previously held various other positions at PricewaterhouseCoopers LLP and its predecessor since 1977. Mr. Henderson is a director of Illinois Tool Works Inc. and The J. M. Smucker Company. The Board concluded that Mr. Henderson should serve as a director based on his extensive experience working with complex global organizations across multiple markets and industry sectors, as well as his leadership experience in various roles at PricewaterhouseCoopers LLP.

Jose Prado

Mr. Jose Luis Prado is an Independent Director of the Company. since April 2016. Mr. Prado served as President of Quaker Oats North America, a division of PepsiCo, Inc. from 2011 to 2014 and as President and Chief Executive Officer of Grupo Gamesa-Quaker, PepsiCo International, Monterrey, Mexico, from 2002 to 2010. Mr. Prado previously held various other positions at PepsiCo since 1984. Mr. Prado is a director of Brinker International, Inc. The Board concluded that Mr. Prado should serve as a director based on his management, marketing and risk oversight experience at a complex global corporation and his substantial international experience.

Thomas Richards

Mr. Thomas E. Richards is Independent Director of the Company. Mr. Richards is Chairman, President and Chief Executive Officer, CDW Corporation (provider of integrated information technology solutions in the United States, Canada and the United Kingdom). Mr. Richards has served as CDW Corporation’s President since 2009, its Chief Executive Officer since 2011 and its Chairman since 2013. Prior to serving as Chief Executive Officer, Mr. Richards served as CDW Corporation’s Chief Operating Officer from 2009 to 2011. Mr. Richards is a director of CDW Corporation. The Board concluded that Mr. Richards should serve as a director based on his experience leading a large, complex organization and his experience in the information technology industry.

Martin Slark

Mr. Martin P. Slark is an Independent Director of the Company. He is Chief Executive Officer, Molex LLC (manufacturer of electronic, electrical and fiber optic interconnection products and systems) since 2005. Previously, Mr. Slark served as President and Chief Operating Officer of Molex from 2001 to 2005. Mr. Slark is a director of Hub Group, Inc., Koch Industries, Inc. and Liberty Mutual Insurance Company. The Board concluded that Mr. Slark should serve as a director based on his experience leading a complex global corporation and his risk oversight experience as Chief Executive Officer of Molex LLC and as a director of other complex global corporations.

David Smith

Mr. David H. B. Smith, Jr., is an Independent Director of the Company. He is Executive Vice President, Policy & Legal Affairs and General Counsel, Mutual Fund Directors Forum (nonprofit membership organization for investment company directors) since 2005. Previously, Mr. Smith held several positions at the U.S. Securities and Exchange Commission from 1996 to 2005, including Associate Director in the Division of Investment Management. Mr. Smith is a director of Illinois Tool Works Inc. The Board concluded that Mr. Smith should serve as a director based on his regulatory and leadership experience in the finance industry gained from his roles at the U.S. Securities and Exchange Commission and the Mutual Fund Directors Forum. The Board also considered that Mr. Smith’s interest as a beneficiary of a trust that holds a significant amount of the Corporation’s common stock further aligns his interests with the interests of the Corporation’s stockholders.

Donald Thompson

Mr. Donald Thompson is an independent Director of the Company. He is Founder and Chief Executive Officer, Cleveland Avenue, LLC (food and beverage incubator and accelerator) since 2015 and Retired President and Chief Executive Officer, McDonald’s Corporation (global foodservice retailer). Mr. Thompson served as President and Chief Executive Officer of McDonald’s Corporation from 2012 until 2015, as President and Chief Operating Officer of McDonald’s Corporation from 2010 to 2012, and as President of McDonald’s USA from 2006 to 2010. Mr. Thompson is a director of Royal Caribbean Cruises Ltd. Mr. Thompson served as director of McDonald’s Corporation from 2011 to 2015 and of Exelon Corporation from 2007 to 2013. The Board concluded that Mr. Thompson should serve as a director based on his management and board experience at other complex global corporations.

Charles Tribbett

Mr. Charles A. Tribbett, III, is an Independent Director of the Company. He is Managing Director, Russell Reynolds Associates (global executive recruiting firm) since 1989, Chairman of the firm’s Leadership Assessment and Promotions Board since 2006, and Co-Leader of the firm’s Board and CEO Advisory Group since 1995. The Board concluded that Mr. Tribbett should serve as a director based on his global leadership consulting experience evaluating and identifying senior management professionals and his leadership experience as a Managing Director of Russell Reynolds Associates.