What's Happening?
David Wayne Fox, the retired Chairman and Chief Executive Officer of Northern Trust Corporation, passed away on November 29, 2025, at the age of 94 in Sea Island, Georgia. Fox, who was born in Aurora,
Illinois, had a distinguished career in finance and was known for his leadership at Northern Trust, where he served as CEO from 1989 and Chairman from 1990. His tenure was marked by significant expansion and technological advancements within the company. Fox was also a dedicated Marine Corps officer, serving from 1953 to 1955 and continuing in the reserves until the 1970s, retiring as a Lieutenant Colonel. He was deeply involved in civic and philanthropic activities, serving on numerous boards and establishing scholarships for military veterans and undergraduates. Fox is survived by his wife, Mary 'Mike', their children, grandchildren, and great-grandchildren. A Celebration of Life is scheduled for April 10th in Western Springs, Illinois.
Why It's Important?
David Fox's passing marks the end of an era for Northern Trust Corporation, where his leadership significantly shaped the company's trajectory. His strategic focus on expanding the company's national presence and investing in technology laid the groundwork for Northern Trust's current standing in the financial industry. Fox's commitment to civic and philanthropic causes highlights the broader impact of corporate leaders on community development and support for education, particularly for military veterans. His legacy in both the corporate and philanthropic sectors underscores the importance of leadership that balances business acumen with social responsibility.
What's Next?
The Celebration of Life for David Fox will take place on April 10th, providing an opportunity for family, friends, and colleagues to honor his contributions and legacy. Northern Trust and other institutions he was involved with may continue to reflect on his impact and possibly establish further initiatives in his memory. The scholarships he and his wife established will continue to benefit students, ensuring that his commitment to education and support for veterans endures.
