University of Pittsburgh

Board of Visitors Member Frank Cahouet Dies

Thursday, August 3, 2017

Frank Cahouet, former Chairman and CEO of Mellon Financial Corporation and Board of Visitors member of the Joseph M. Katz Graduate School of Business and College of Business Administration died on June 20, 2017. He was 85. Frank Cahouet

“Mr. Cahouet was a vital member of the University of Pittsburgh community,” says Arjang A. Assad, Henry E. Haller Jr. Dean of the Katz  school and undergraduate College of Business Administration. “He served as a mentor to our students and as a trusted advisor to the business school, and he will be missed.”

Cahouet is credited with turning around Mellon Bank in the 1980s, transforming it from a regional bank to a leading U.S. asset manager.  He took over at the bank after it had taken its first loss in more than 100 years. Mr. Cahouet served as chairman and CEO for 11 years, and retired in 1998. He was an active supporter of Pittsburgh’s cultural and education institutions. 

Cahouet had a very strong commitment to the business school, and took a personal interest in elevating the quality of our programs and cared deeply about the success of our students. He volunteered as an instructor for one of the school’s first competency-based coaching programs, providing a CEO’s perspective into how to be a decisive and imaginative business leader. 

He also served on the board of the Kenneth P. Dietrich School of Arts and Sciences and was a University of Pittsburgh Trustee from 1987 to 2006. He was elected Emeritus Trustee in 2006.

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