(Reuters) - PNC Financial Services Group Inc (PNC.N) Executive Chairman James Rohr will not be seeking re-election to the board of New York-based asset manager BlackRock (BLK.N) 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, 64, who plans to step down as chairman of PNC next year and also leave the bank’s board, was elected to General Electric Co’s (GE.N) board of directors on Friday.
Shares of BlackRock, the world’s largest money manager, closed up 0.9 percent at $264.63 on the New York Stock Exchange.
Reporting by Ashley Lau in New York; editing by Gunna Dickson