| Business

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

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

Email Newsletters

Sign up for one of our email newsletters.

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.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Business Headlines

  1. Small stores take big gamble by not upgrading credit card readers
  2. Yahoo investors losing patience with ‘star’ CEO Marissa Mayer
  3. Amazon raises bar for other retailers with same-day delivery
  4. Shopping beacons join list of ‘next big thing’ disappointments
  5. Nutritional supplement makers, led by GNC, want to create voluntary safety standards
  6. Many Black Friday deals not worth the hassle
  7. Take steps to make it harder for holiday hackers
  8. Union leaders warn Post-Gazette newsroom of possible layoffs
  9. Covestro leader MacCleary finds stability amid change
  10. Home rental prices rise at slower pace in October
  11. Signs of steady U.S. economy: Pay, home sales up, unemployment applications down