Northern Trust Corporation announced on October 20, 2026, that it has appointed Rima Qureshi to its Board of Directors, effective immediately. Ms. Qureshi was also appointed to the board of The Northern Trust Company, the Corporation’s principal subsidiary. As a member of the Corporation’s Board, she will serve on the Risk Committee and the Technology and Operations Committee.
Ms. Qureshi is a seasoned executive with nearly four decades of experience in strategy and business transformation. Prior to joining Northern Trust, she served as executive vice president and chief strategy officer at Verizon Communications Inc. from 2017 until her departure. Before Verizon, she spent 23 years at Ericsson, where she held the roles of chief strategy officer and chief executive officer of Ericsson North America.
The company stated that Ms. Qureshi brings more than 15 years of public company board experience. She currently serves on the boards of BT Group plc, Loblaw Companies Limited, and Swift (Society for Worldwide Interbank Financial Telecommunication). She previously served on the board of Mastercard Incorporated for 15 years.
Chairman and Chief Executive Officer Michael O’Grady commented on the appointment, noting that her global perspective and technology expertise will be valuable as the company strengthens its position for long-term growth.
According to the company’s most recent proxy statement, Ms. Qureshi will participate in the Corporation’s Non-Employee Director Compensation Plan and be eligible for the 2018 Deferred Compensation Plan for Non-Employee Directors. She will be granted equity awards as a portion of her compensation for service through the Corporation’s 2027 Annual Meeting of Stockholders, consistent with the awards granted annually to non-employee directors.
