Change At The Top Of PNC

Editorial Staff

6 November 2026

PNC banking group is preparing the ground for a new chief financial officer to take the helm. Alexander Overstrom is to take up the role from March 1, replacing Robert Reilly , who will become executive vice chairman.

Reilly will remain in his post until the start of March, before becoming EVC. He will serve as a senior executive advisor to chairman and CEO William S Demchak.

"Rob is an invaluable member of the executive team and a critical partner to me," Demchak said. "During the past 13 years as CFO Rob has guided PNC through challenging times, and pivotal transactions and has been a driving force behind the growth and results we see today. His leadership and commitment to the firm have consistently helped us deliver on our long-term plan and strengthen our performance.”

Reilly joined PNC in 1987 and was appointed chief financial officer in 2013. He previously led PNC's asset management group and held executive roles in corporate banking and credit, with management experience spanning asset management, investment banking and commercial banking.

His tenure as CFO saw the bank wrap up acquisitions of BBVA USA in June 2021 and Colorado-based FirstBank Holding Company, including its banking subsidiary, FirstBank, in January 2026.

Overstrom will officially assume the CFO role March 1 after PNC’s files its year-end financial reports. As executive vice president and head of Retail Banking for PNC since 2022, Overstrom leads all consumer and small business banking areas as well as home lending and consumer lending businesses, payments and digital, and PNC Wealth Management. In addition, he is responsible for enterprise customer advocacy and the corporate strategy team.

Overstrom joined PNC in 2014 from Goldman Sachs where he spent eight years in firm-wide strategy and investment banking. Since joining PNC, he has served in a variety of roles across the company.

Permanent succession for PNC Retail Banking will be named in the near future, the bank said.