PNC Announces Chief Financial Officer Transition Plans
Key Highlights
- ➤PNC (PNC) CFO Robert Q. Reilly will become Executive Vice Chairman March 1, 2027
- ➤Alexander E.C. Overstrom will assume PNC CFO role March 1, 2027
- ➤Reilly has served as PNC CFO for 13 years since 2013
- ➤PNC completed BBVA USA and FirstBank Holding Company acquisitions during Reilly’s tenure
Expert Statements
William S. Demchak, Chairman and CEO of PNC
“Rob is an invaluable member of the executive team and a critical partner to me”
William S. Demchak, Chairman and CEO of PNC
“During the past 13 years as CFO Rob has guided PNC through challenging times, and pivotal transactions and has been a driving force behind the growth and results we see today.”
William S. Demchak, Chairman and CEO of PNC
“His leadership and commitment to the firm have consistently helped us deliver on our long-term plan and strengthen our performance.”
William S. Demchak, Chairman and CEO of PNC
“In this new role, he will remain a key advisor to me as we continue to drive our strategy and expansion.”
Robert Q. Reilly, Executive Vice Chairman-designate of PNC
“It's been an absolute privilege being PNC's CFO for the past 13 years,”
Robert Q. Reilly, Executive Vice Chairman-designate of PNC
“I look forward to this new role as Executive Vice Chairman with equal enthusiasm.”
Alexander E.C. Overstrom, Executive Vice President and head of Retail Banking at PNC
“I'm excited to take on the CFO role from Rob, who has been a mentor to me throughout my career at PNC”
Alexander E.C. Overstrom, Executive Vice President and head of Retail Banking at PNC
“We're in a strong position today, and I look forward to continuing that progress and advancing our strategy from this next seat.”
William S. Demchak, Chairman and CEO of PNC
“PNC's strategy is working, and Alex is the right leader to help us through its next phase of growth”
William S. Demchak, Chairman and CEO of PNC
“In addition to the basic requirement of stellar financial acumen, this role demands someone who is analytical, strategic and a true operator.”
William S. Demchak, Chairman and CEO of PNC
“Alex's experience in growing our retail business over the last several years proves those skills, and I know he'll continue to be a key partner to me and the rest of the leadership team.”
William S. Demchak, Chairman and CEO of PNC
“We are ending a year of significant growth with great momentum for 2027.”
PNC Announces Chief Financial Officer Transition Plans PR Newswire
Robert Q. Reilly to be elevated to Executive Vice Chairman in March 2027 Alexander E.C. Overstrom to become CFO
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