Pittsburgh-based the PNC Financial Services Group recently announced Alexander Overstrom will become chief financial officer on March 1. He replaces Robert Reilly who will become executive vice chairman on that date.
Overstrom joined PNC in 2014 and has held a variety of roles, most recently as executive vice president and head of retail banking. In this role, he has been responsible for enterprise customer advocacy and the corporate strategy team and has lead all consumer and small business banking areas, home lending and consumer lending businesses, payments and digital, and PNC Wealth Management.
“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 Demchak, PNC chairman and CEO, said. “We are ending a year of significant growth with great momentum for 2027. This change showcases our deep leadership bench and allows us to leverage the experience of a longtime leader to help us further drive our strategy across the bank.”
The company will name permanent succession for retail banking in the near future.
Reilly was appointed chief financial officer in 2013. He joined PNC in 1987.