James E Rohr Net Worth is35.3 $Million
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James "Jim" E. Rohr (born October 18, 1948) is Chairman and CEO of PNC Financial Services Group (commonly known as PNC Bank). Rohr has served as CEO since May 2000 and as Chairman since May 2001, both times taking over for Tom O'Brien.
A Cleveland, Ohio native, Rohr graduated from Saint Ignatius High School and from the University of Notre Dame in 1970 with a B.A.. Two years later, in 1972, Rohr earned an MBA degree from Ohio State University. Rohr's wife, Sharon, is from Chagrin Falls.
Prior to becoming Chairman & CEO of PNC, Rohr had spent his entire 28-year professional life at PNC-affiliated or predecessor companies. Since becoming CEO, Rohr has been praised for his handling of a major accounting scandal that plagued PNC soon after he assumed leadership of the banking firm. By shifting $762 million in underperforming assets and loans to accounts that were kept off the corporation's balance sheet, PNC was forced to restate its 2001 earnings.
The first few years in an executive role at PNC were turbulent for Rohr. PNC's stock price lost roughly half of its overall value throughout 2001 and at shareholders' meetings during that time, shareholders began to demand that Rohr resign from his position.
In the wake of that scandal, Rohr has managed to keep PNC out of more negative scrutiny and boost the performance of PNC's stock. In the first half of 2004, PNC's net income rose 41 percent compared to the same part of 2003. A year later, in 2005, PNC earned $1.3 billion (or $4.65 per share), the highest annual earnings figure in the corporation's history.
PNC and Rohr have also received high marks for their decision to sell a 49.8 percent stake of the money manager firm BlackRock to Merrill Lynch in 2006. The deal valued PNC's 70 percent stake at $5.6 billion, compared to the $240 million PNC paid for the same stake in 1995.
Rohr's positive performance as Chairman & CEO has earned him much praise and acclaim, including the 2007 American Banker's Banker

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James E Rohr Latest News

Pennsylvania Society Selects Retired PNC Chairman James Rohr to Receive 2014 Gold Medal Award

ERDENHEIM, Pa.--(BUSINESS WIRE)--The Pennsylvania Society announced today that it has selected retired PNC Executive Chairman, Financial Services Group James E. Rohr as the recipient of its 2014 Gold Medal for Distinguished Achievement. The Society’s ...
Posted: April 29, 2014, 10:42 am

PNC Announces New Center for Financial Services Innovation at Carnegie Mellon University

PITTSBURGH, Jan. 22, 2013 /PRNewswire/ -- Speaking to a standing-room-only crowd of students, faculty and administrators at Carnegie Mellon University's Tepper School of Business, PNC Financial Services Group chairman and CEO James E. Rohr announced his ...
Posted: January 21, 2013, 6:01 pm

Carnegie Mellon president Subra Suresh steps down

Board Chairman James E. Rohr released a statement thanking Suresh — who took the helm as the college's ninth president in July 2013 — “for his vision and efforts on behalf of Carnegie Mellon at an important time in our history.” “With his ...
Posted: June 1, 2017, 10:33 am
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