Allegheny College grad to take helm at PNC Bank

   February 14, 2013 3:06 pm

 

William S. Demchak, a 1984 graduate of Allegheny College in Meadville, will become the first new chief executive of Pittsburgh-based PNC Financial Services in more than a generation.

Demchak, who joined PNC in 2002 as its chief financial officer, has served most recently as the company’s president.

James Rohr, who has been chairman and chief executive since 1990, is stepping down. Beginning April 23, he will serve as the company’s executive chairman.

Demchak, who also earned an MBA at the University of Michigan, was elected president of PNC in April 2012.

A board member and chairman of the Greater Pittsburgh Council of the Boy Scouts of America, Demchak is a member of the Financial Services Roundtable.

PNC, one of the nation’s largest banks, said in a statement that the board was acting on 64-year-old Rohr’s desire to retire.

 

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