Northern Trust Announces New Director Nominee

CHICAGO, March 15 /PRNewswire-FirstCall/ -- Northern Trust Corporation (Nasdaq: NTRS) filed the proxy statement today for its 2010 annual meeting of stockholders. Stockholders will be asked to elect 13 directors of the corporation, including a new director nominee. Two board members will be stepping down after decades of distinguished service, consistent with retirement age guidelines for directors.

Harold B. Smith, a director of the corporation since 1980, and Arthur L. Kelly, a director since 1988, will not stand for re-election as directors at the annual meeting. David H. B. Smith Jr., a new director nominee, will stand for election to one of the vacated seats. The board of directors has reduced the size of the board effective at the time of the annual meeting to eliminate the remaining vacated seat.

David Smith is executive vice president of policy & legal affairs and general counsel at the Mutual Fund Directors Forum. Previously, he held several positions at the U.S. Securities and Exchange Commission including associate director in the Division of Investment Management. David Smith also serves on the board of directors at Illinois Tool Works Inc.

Harold Smith is chairman of the executive committee for Illinois Tool Works Inc., where he previously served as president of the company. He also serves as a director of W.W. Grainger, Inc. and has served as a trustee of The Northwestern Mutual Life Insurance Company.

Kelly is managing partner of KEL Enterprises L.P. Previously, he served as president of LaSalle Steel Company and senior partner of A.T. Kearney Incorporated. He serves as a director of Snap-on Incorporated and Robert Bosch GmbH and has served until recently as a director of Deere & Company and DataCard Corporation, as well as of the Germany-based companies BASF Aktiengesellschaft and Bayerische Motoren Werke (BMW)

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, 2009, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$627.2 billion. For 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.

SOURCE Northern Trust Corporation

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