The company said its board elected Robert Moritz and Richard Petrino as directors on January 22, 2025. The two were also elected as directors of The Northern Trust Company, its principal subsidiary.

1. 01

   The company said its board elected Robert Moritz and Richard Petrino as directors on January 22, 2025. The two were also elected as directors of The Northern Trust Company, its principal subsidiary.

2. 02

   Northern Trust said Moritz's election takes effect on March 1, 2025, and Petrino's on January 22, 2025. The board has not yet decided which committees the two will join.

3. 03

   Northern Trust said both directors will participate in the Non-Employee Director Compensation Plan and may participate in the 2018 Deferred Compensation Plan for Non-Employee Directors. Equity awards will be granted through the 2025 annual meeting of stockholders, prorated based on each director's effective date.

4. 04

   The company said Moritz is a former global chairman of PricewaterhouseCoopers (PwC), and Petrino is a former American Express Company executive who spent nearly 30 years there. Petrino served as chief operating officer of American Express National Bank.

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