CONTACTS:
MEDIA:
Diane Zappas
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
PNC NAMES WILLIAM PARSLEY CHIEF OPERATING OFFICER
Gagan Singh to Serve as Chief Investment Officer, Randall King as Treasurer
PITTSBURGH, Feb. 22, 2018 – The PNC Financial Services Group, Inc. (NYSE: PNC) today
announced that E William Parsley III has been named chief operating officer effective immediately.
Gagan Singh will succeed Parsley as chief investment officer and continue with his current duties
and Randall C. King will succeed Parsley as treasurer and continue with his current duties. Both will
continue to report to Parsley.
“We’ve named Bill our chief operating officer in recognition of the outstanding work he has
done managing our balance sheet for many years through numerous acquisitions and significant
economic turmoil. His key responsibilities have included capital and liquidity management, interest
rate risk, investments, and internal and regulatory stress testing. More recently, he has also been
leading our home lending transformation and streamlining and strengthening our operations in
connection with mortgage and home lending as well as retail and consumer lending,” said William S.
Demchak, PNC chairman, president and chief executive officer.
The PNC Financial Services Group, Inc. is one of the largest diversified financial services
institutions in the United States, organized around its customers and communities for strong
relationships and local delivery of retail and business banking including a full range of lending
products; specialized services for corporations and government entities, including corporate
banking, real estate finance and asset-based lending; wealth management and asset management.
For information about PNC, visit www.pnc.com.
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