William S. Demchak To Succeed James E. Rohr As PNC Chief Executive Officer

Thu Feb 14, 2013 4:05pm EST

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- Rohr to Become Executive Chairman-
PITTSBURGH,  Feb. 14, 2013  /PRNewswire/ -- The PNC Financial Services Group,
Inc. (NYSE: PNC) Board of Directors today elected President  William S. Demchak 
as director and announced that he will succeed Chairman  James E. Rohr  as chief
executive officer.  PNC expects Demchak to become president and chief executive
officer and Rohr to assume the new position of executive chairman effective at
the Annual Meeting of Shareholders on  April 23, 2013.  

(Photo:  http://photos.prnewswire.com/prnh/20130214/NE60774  )

(Photo:  http://photos.prnewswire.com/prnh/20120424/NE93587  )

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  April 2012. Prior to joining PNC, Demchak served as head of Structured
Finance and Credit Portfolio for JPMorgan Chase & Co.

Demchak is a director of BlackRock, Inc. He earned his undergraduate degree at 
Allegheny College  and an MBA at the  University of Michigan.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's
largest diversified financial services organizations providing retail and
business banking; residential mortgage banking; specialized services for
corporations and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset management.  


Fred Solomon    
(412) 762-4550    

William H. Callihan    
(412) 762-8257    

SOURCE  PNC Financial Services Group, Inc.

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