MeadWestvaco Corp., Stamford, Conn., hired Northern Trust as trustee for its $2.8 billion defined benefit plan and $1.2 billion 401(k) plan. It will provide global custody, securities lending and benefit payment services, said Anthony Oliver, assistant treasurer. State Street Bank was trustee for Westvacos 401(k) plan; Fidelity was the trustee for Meads 401(k) plan; Bank of New York for Westvacos defined benefit plan; and Mellon Trust for Meads defined benefit plan. After the plans were merged, company officials decided to use one trustee, Mr. Oliver said.
MeadWestvaco Corp. , Stamford, Conn., hired Northern Trust as trustee...
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