PNC · 8-K · 20261105PR071110

Leadership Transition

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-05 · Importance 25 · Surprise 42

PNC will transition the CFO role from Robert Q. Reilly to Alexander E.C. Overstrom, with Reilly remaining CFO until March 1, 2027. On that date, Reilly is to become Executive Vice Chairman and advise the Chairman and CEO on strategic initiatives and operating priorities; Overstrom will assume the CFO role following the filing of PNC’s 2026 year-end financial reports. Overstrom has led PNC Retail Banking since 2022, and PNC said a permanent successor for that role will be named in the near future.

Key facts

• PNC announced that it will transition the CFO role from Robert Q. Reilly to Alexander E.C. Overstrom. source
• Robert Q. Reilly will remain CFO until March 1, 2027, when he will become Executive Vice Chairman. source
• As Executive Vice Chairman, Reilly will serve as a senior executive advisor to Chairman and CEO William S. Demchak and advise on strategic initiatives and operating priorities, as well as drive key stakeholder engagement with clients across the firm. source
• Alexander E.C. Overstrom will officially assume the CFO role on March 1, 2027, following the filing of PNC's 2026 year-end financial reports. source
• PNC said permanent succession for Retail Banking will be named in the near future. source
• During Reilly's CFO tenure, PNC completed the acquisition of BBVA USA in June 2021 and acquired Colorado-based FirstBank Holding Company, including its banking subsidiary FirstBank, in January 2026. source
• Reilly joined PNC in 1987 and was appointed CFO in 2013. source
• Reilly has served as PNC's CFO for 13 years. source