UPDATE 1-General Electric names PNC chairman to board of directors

Fri Sep 13, 2013 3:55pm EDT

Sept 13 (Reuters) - General Electric Co named PNC Financial Services Group Chairman James Rohr to its board of directors on Friday.

Rohr, 64, was PNC's CEO from 2000 through May of this year. He plans to step down as chairman of the bank next year, and also plans to leave the PNC board.

Rohr's experience in finance and risk will help General Electric, CEO Jeff Immelt said in a release. Rohr was elected by General Electric's board at its Friday meeting.

Shares of GE, whose businesses range from infrastructure technology to financial services, fell 0.4 percent to $23.76 in Friday afternoon trading. The U.S. conglomerate's stock has gained 13 percent so far this year.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article