Northern Trust says CEO to step down, replacement named

martes 16 de octubre de 2007 20:07 CEST

Oct 16 (Reuters) - Financial services company Northern Trust Corp (NTRS.O: Cotización) said William Osborn plans to step down as chief executive on Jan. 1, 2008, and President Frederick Waddell will assume additional responsibility as CEO.

Osborn, who has served as CEO since June 1995, will remain chairman of the board, the company said in a statement. (Reporting by Aditi Samajpati in Bangalore)