PNC Financial Names New CEO

PNC Financial Services (NYSE: PNC  ) has completed its CEO succession. Effective today, William Demchak is the company's chief executive. He replaces James Rohr, who will stay on with the company in the newly created position of executive chairman.

Demchak has been with the banking group since 2002, when he joined PNC as CFO. He was named head of corporate and institutional banking in 2005 and then promoted to senior vice president in 2009 and head of all PNC businesses the following year. He became president last year and this past February joined the board of directors.

Before his time at PNC, Demchak was head of structured finance and credit portfolio at JPMorgan Chase (NYSE: JPM  ) . At present, he also serves as a director of BlackRock.  


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2381491, ~/Articles/ArticleHandler.aspx, 7/24/2014 11:25:29 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement