I am disagreeing with the rules - or at least for the project page which may be a bit vague. If a Notable (or any other person) died only a couple of years ago (as did this one), they should NOT be Open. This particular profile has a fairly active PM, and I would agree with him that the profile is still Green.
If a profile is *managed* by the Profiles Project, then by their rules they need to be Open. But if a profile is managed by somebody else, and merely has a Notables *sticker*, then I feel that the Privacy Level can be decided by the PM. The Notables *sticker* does not award managership to the Notables Project. It's just a sticker.