PNC Appoints Mark Wiedman as President; Former BlackRock Exec

PNC FINANCIAL SERVICES GROUP, INC.

Wiedman, previously BlackRock head of global client business, appointed President of PNC and PNC Bank effective April 7, 2025.
Compensation includes $700K base salary, $1M signing bonus (repayable if voluntary exit within 2 years), $3.12M RSUs, $2.08M PSUs.
Target annual incentive (prorated) of $7.35M; eligible for change-of-control agreement and executive severance plan.
Operating lines of business and Regional Presidents Office will report to Wiedman; he reports to CEO Bill Demchak.
His background includes growing iShares from $500B to $1.7T and leading BlackRock’s financial crisis advisory.

item 5.02 item 7.01 item 9.01

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Appointed

Mark Wiedman

President

PNC · PNC FINANCIAL SERVICES GROUP, INC.

Effective: 2025-04-07
Filed: April 7, 2025, 7:59 PM ET

the Board of Directors of the Corporation (the “Board”) appointed Mark Wiedman as President of the Corporation

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Mark Wiedman was appointed as President at PNC FINANCIAL SERVICES GROUP, INC..

Action: appointed
Role: President

Exact text from the filing

the Board of Directors of the Corporation (the “Board”) appointed Mark Wiedman as President of the Corporation

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PNC FINANCIAL SERVICES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000713676-25-000041

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