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Northern Trust Announces New Director Nominee

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  Published in Business and Finance on Monday, March 14th 2011 at 9:30 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Northern Trust Corporation (Nasdaq: NTRS) filed a proxy statement today for its 2011 annual meeting at which stockholders will be asked to elect 13 directors of the corporation, including a new director nominee.

William D. Smithburg, a director since 1981, will not stand for re-election as a director at the annual meeting. He will be stepping down after 30 years of distinguished service, consistent with retirement age guidelines for directors.

Martin P. Slark, vice chairman and chief executive officer at Molex Incorporated, will stand for election to the board of directors. Slark has served Molex for 35 years and held senior leadership positions including president and chief operating officer, president of the Americas Region, and president of the Far East South Region. He has held positions in Europe, the U.S. and Asia, and is responsible for starting Molex entities in Hong Kong, China, India, South Africa, Malaysia and Thailand. He also serves on the board of directors at Molex, Liberty Mutual Holding Company, and Hub Group, Inc.

Molex delivers interconnect solutions for markets that include data communications, telecommunications, consumer electronics, industrial, automotive, medical, military, lighting and solar. Established in 1938, the corporation operates 39 manufacturing locations in 16 countries, employs more than 35,000 people worldwide and had revenues of $3 billion in its fiscal year ended June 30, 2010. In 2010 Molex reported 76 percent net revenue outside of the United States, with 60 percent originated in Asia-Pacific and 16 percent in Europe.

Smithburg is a retired chairman, president and chief executive officer of The Quaker Oats Company. He is a member of the board of directors of Abbott Laboratories, Corning Incorporated, and Barry-Wehmiller Companies, Inc.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2010, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$643.6 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ].