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June 22, 2017

Obituary: Frank V. Cahouet

Emeritus Trustee Frank V. Cahouet, a 30-year member of the Board of Trustees and former Mellon Financial CEO and chairman, died June 20, 2017. He was 85.

In 1999, Pittsburgh Magazine named Cahouet one of its “Pittsburghers of the Century” for his business acumen as well as his commitment to and impact on the region.

Cahouet served as a Pitt trustee from 1987 to 2006. He chaired the budget committee for 14 years and was a member of the executive, academic affairs/libraries, compensation and conflict of interest committees.

He also was a member of the boards of visitors for the Kenneth P. Dietrich School of Arts and Sciences and the Joseph M. Katz Graduate School of Business. Following his decades on the board, he continued to serve Pitt as a member of the budget committee, a member of the Katz school board and Pitt Alumni Association and a campaign volunteer. He was elected emeritus trustee in 2006.

Widely recognized for helping to save Mellon in the late 1980s, he retired as leader of The Bank of New York Mellon Corporation in 1998 but remained very active on many boards in Pittsburgh, including the Pittsburgh Regional Alliance, Teledyne Technologies, the World Affairs Council of Pittsburgh and the Historical Society of Western Pennsylvania.

Born in Massachusetts, Cahouet earned his Bachelor of Arts in 1954 from Harvard University and his Master of Business Administration in 1959 from the Wharton School at the University of Pennsylvania.

His early career included long stints in leadership positions with Crocker National Bank and Security Pacific in California.

In 2009, he founded the National Bank Holdings Corp. to rescue troubled community banks following the 2008 financial crisis, and was the lead donor for the Allegheny Health Network’s Cahouet Center for Comprehensive Parkinson’s Care in Bellevue, founded last year following his diagnosis with the disease in 2015.

Cahouet is survived by his wife of 60 years, Ann, and four children.


Marty Levine,, 412-758-4859

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