TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Rohr to exit PNC, BlackRock boards to join GE as director

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Bloomberg News
Friday, Sept. 13, 2013, 8:51 p.m.
 

PNC Financial Services Group Inc. Executive Chairman and former Chief Executive Officer Jim Rohr won't seek re-election to board of directors for the lender or for BlackRock Inc., the companies said.

Rohr, who was elected Friday to the board of General Electric Co., notified PNC that he doesn't plan to seek another term at the April annual meeting, the Pittsburgh-based bank said in a regulatory filing. He also won't pursue re-election to BlackRock's board at its meeting in May, the New York-based asset manager said in a separate filing.

PNC, the second-biggest U.S. regional bank, is the largest holder of BlackRock shares with a 21 percent stake, according to data compiled by Bloomberg. Bill Demchak succeeded Rohr as PNC's CEO in April.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Earlier openings make Black Friday shopping easier for bargain-hunters
  2. Florida roommates find a career in playing video games on web channel Twitch
  3. October mine inspections result in 127 citations
  4. Committee looks into beneficial uses of coal ash
  5. Retailers court web customers with free shipping
  6. Company seeks to reopen coal mine in Nottingham, Washington County
  7. Retailers that won’t open on Thanksgiving hope move pays off
  8. Iron ore price decline hurts U.S. Steel’s cost advantage over rivals
  9. Federal agency checking whether Highmark has enough doctors in Medicare plan
  10. Amusement parks fight off home entertainment threat
  11. Westinghouse to construct colossal nuke plant in Turkey
Subscribe today! Click here for our subscription offers.