PNC names Alexander Overstrom as CFO, succeeding Robert Reilly

PNC Financial Services group

05/11/2026 22:08

Nov 5 (Reuters) - PNC Financial PNC.N named Alexander Overstrom as its next chief financial officer on Thursday, succeeding Robert Reilly,  who will become executive vice chairman.

Here are more details:
Overstrom, currently head of PNC's retail banking business, will assume the CFO role on March 1, 2027
He joined PNC in 2014 from Goldman Sachs, where he spent eight years in firmwide strategy and investment banking, and has held other roles including head of PNC Merchant Services and chief operating officer of Corporate and Institutional Banking and Asset Management
Reilly, who has served as CFO since 2013, will advise Chairman and CEO William Demchak on strategic initiatives, operating priorities and stakeholder engagement
Reilly joined PNC in 1987 and previously led its Asset Management Group
During his tenure as CFO, the bank completed the acquisitions of BBVA USA in 2021 and FirstBank in January 2026
PNC said it will name a permanent successor to Overstrom as head of Retail Banking in the near future

 (Reporting by Prakhar Srivastava in Bengaluru; Editing by Perla Velasco)
 ((Prakhar.srivastava2@thomsonreuters.com))