People: PNC Financial Services Group Inc (PNC.N)
6 Mar 2014
Mr. William S. Demchak has been appointed as President, Chief Executive Officer, Director of PNC Financial Services Group Inc., effective April 23, 2013. He 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, Mr. Demchak served as head of Structured Finance and Credit Portfolio for JPMorgan Chase & Co. Mr. Demchak is a director of BlackRock, Inc. He earned his undergraduate degree at Allegheny College and an MBA at the University of Michigan.
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