PNC Chairman Rohr to leave BlackRock board-filing

Sept 13 Fri Sep 13, 2013 5:09pm EDT

Sept 13 (Reuters) - PNC Financial Services Group Inc Executive Chairman James Rohr will not be seeking re-election to the board of New York-based asset manager BlackRock next year, the company said in a regulatory filing on Friday.

PNC, BlackRock's largest shareholder, owned a 21 percent stake in the company at the end of June. BlackRock spokesman Brian Beades declined to comment on the filing.

Rohr, who plans to step down as chairman of PNC next year, was elected to General Electric Co's board of directors on Friday.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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