News Release Details
Financial Press Release
William S. Demchak To Succeed James E. Rohr As PNC Chief Executive Officer
Rohr to Become Executive Chairman
The board acted today in response to Rohr's desire to step down as chief executive officer at the 2013 Annual Meeting and retire from the company and the board next year. Rohr, 64, will serve as executive chairman for one year to ensure a smooth transition.
"Bill has demonstrated exceptional leadership since joining PNC in 2002," Rohr said. "As president, he drove customer growth by successfully aligning our businesses to deliver the entire company for our clients. His candor and work ethic have earned him the trust of employees and investors, and the confidence of PNC's board. He deserves the opportunity to steer PNC into the future."
Demchak joined PNC in 2002 as chief financial officer. In 2005, he became head of Corporate & Institutional Banking. He was promoted to senior vice chairman in 2009 and named head of all PNC businesses in 2010. He was elected PNC president in
Demchak is a director of
William H. Callihan