Prado has served as president of Quaker Oats North America, a division of PepsiCo with US$2.5 billion in revenues, since 2011, and held leadership roles at the company since 1984.
His previous roles within PepsiCo include serving as president and CEO of Grupo Gamesa-Quaker in Monterrey, Mexico, from 2002 to 2010; regional vice president of the Frito Lay International Andean Region from 2000 to 2002.
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He also served as president of PepsiCo Snacks in Argentina from 1997 to 2000; and president of Frito Lay Snacks Caribbean, from 1994 to 1997. His early career included assignments in sales, finance, IT and engineering.
Commenting on the appointment, Northern Trust chairman and CEO Frederick Waddell said: "We are delighted to welcome Jose Luis Prado to our board.
"He is an outstanding business leader with more than 30 years of leadership experience building multi-country enterprises. We look forward to his contributions as Northern Trust continues to grow and deliver innovative financial services to clients worldwide," Waddell added.
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