Frederick H. Waddell has played a vital role in shaping Northern Trust Corporation since he joined in 1975. He climbed the ranks and became CEO in 2008, holding that position until 2018 when he transitioned to Chairman of the Board....
Frederick H. Waddell has played a vital role in shaping Northern Trust Corporation since he joined in 1975. He climbed the ranks and became CEO in 2008, holding that position until 2018 when he transitioned to Chairman of the Board. His tenure is marked by significant leadership within the finance industry, especially during tough market conditions. Waddell's leadership style emphasizes performance and accountability. In 2016, his total compensation peaked at over $11 million, showcasing the alignment of his pay with the company's success. He is known for making strategic decisions that greatly impacted Northern Trust's growth, including leading the company through periods of financial uncertainty. Interestingly, he was appointed CEO after serving as President and COO, which highlights his deep understanding of the organization’s operations. Waddell’s insight has not only benefited the company but has also been a source of knowledge for the financial community.