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Posted 29 October, 2021

PNC FINANCIAL SERVICES GROUP, INC. appointed new CEO

CEO Change detected for ticker NYSE:PNC in a 8-K filed on 29 October, 2021.


  (d) On October 29, 2021, the Board of Directors (the "Board") of The PNC Financial Services Group, Inc. ("PNC") increased the number of directors to 14 and appointed Bryan Salesky, Chief Executive Officer at Argo AI, LLC, to serve on the Board effective immediately.  

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Overview of PNC FINANCIAL SERVICES GROUP, INC.
Financial Services • Banking
The PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate and Institutional Banking, Asset Management Group, and Other. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate and Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. The company was founded in 1983 and is headquartered in Pittsburgh, PA.
Market Cap
$61.2B
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PNC FINANCIAL SERVICES GROUP, INC. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(d) On October 29, 2021, the Board of Directors (the "Board") of The PNC Financial Services Group, Inc. ("PNC") increased the number of directors to 14 and appointed Bryan Salesky, Chief Executive Officer at Argo AI, LLC, to serve on the Board effective immediately. Mr. Salesky was appointed to the Technology Subcommittee and the Special Committee on Equity & Inclusion, and was also appointed as a director of PNC Bank, National Association ("PNC Bank").


The Board determined that Mr. Salesky is independent under the director independence standards established by the New York Stock Exchange. Mr. Salesky will receive compensation in accordance with PNC's non-employee director compensation program described in PNC's 2021 Proxy Statement filed with the U.S. Securities and Exchange Commission on March 16, 2021.


Argo AI has certain ordinary course credit relationships with PNC Bank. These lending relationships were entered into in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with other customers, and did not involve more than the normal risk of collectability or present other unfavorable features.