UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 10, 2024, Northern Trust Corporation (the “Corporation”) announced the following changes to its leadership structure, each effective October 1, 2024:
| • | Peter B. Cherecwich, currently President – Asset Servicing, will become Chief Operating Officer; |
| • | Teresa A. Parker, who had most recently served as President – Europe, Middle East, and Africa, will become President –Asset Servicing; |
| • | Steven L. Fradkin, currently President – Wealth Management, will become Vice Chairman; |
| • | Jason J. Tyler, currently Chief Financial Officer, will become President – Wealth Management; |
| • | David W. Fox, Jr., currently President – Global Family & Private Investment Offices, will become Chief Financial Officer; |
Each of these officers will serve for the term provided in the Corporation’s By-laws.
Mr. Cherecwich, age 59, has served as President – Asset Servicing since 2017. Prior to that, Mr. Cherecwich served as President of Global Fund Services from 2010 to 2017 and as Chief Operating Officer of the Asset Servicing business from 2008 to 2014. From 2007 to 2008, he served as Head of Institutional Strategy & Product Development. Before joining Northern Trust in 2007, Mr. Cherecwich served in several executive and operational roles at State Street Corporation.
Mr. Fox, age 65, has served as President – Global Family & Private Investment Offices since 2015. Prior to that, Mr. Fox served as Head of the Americas for the Asset Servicing business from 2012 to 2015. Before joining Northern Trust in 2012, Mr. Fox served in various leadership roles within J.P. Morgan Chase & Co.
A copy of the press release announcing the events described above is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit Number |
Description | |
| 99.1 | Press Release of Northern Trust Corporation, dated September 10, 2024. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NORTHERN TRUST CORPORATION | ||||||
| (Registrant) | ||||||
| Dated: September 10, 2024 | By: | /s/ Brad A. Kopetsky | ||||
| Brad A. Kopetsky | ||||||
| Executive Vice President, Deputy General Counsel and Corporate Secretary | ||||||