Mr. Osborn (Bill) graduated from Northwestern University, and Kellogg School of Management. He joined Northern Trust shortly after in 1970 and spent his career at the institution until 2009. He was Chairman and CEO of Northern Trust Corporation multibank holding company and the Northern Trust Company bank from 1995 through 2007. Other directorships include Abbot Laboratories, Nicor Inc. and the Tribune Company. Bill has been an Independent Director of Caterpillar since 2000. In 2011, he became chairman of the Board of Trustees of Northwestern University, replacing Patrick G. Ryan.

Inducted as a Laureate of The Lincoln Academy of Illinois, Mr. Osborn was awarded the Order of Lincoln (the State’s highest honor) by the Governor of Illinois in 2006 in the area of Business and Social Service.