PITTSBURGH, May 10, 2022
/PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC)
appointed Renu Khator, Ph.D.,
chancellor of the University of Houston
System and president of University of
Houston, to its board of directors, effective today. She has
also been appointed to the board's nominating and governance and
audit committees.
Khator currently holds the dual titles of chancellor of the
University of Houston System, and
president of the University of Houston
(UH). As chancellor of the UH system, she oversees a
four-university organization that serves more than 76,000 students.
She was the first female chancellor in the state of Texas, and the first Indian immigrant to lead
a comprehensive research university in the United States. As president of the
University of Houston, Khator has
guided the university's transformation into a top-tier institution
that has a $6.4 billion economic
impact on the Greater Houston area
each year.
"We are thrilled to welcome Renu as a new independent director
and leverage her significant expertise in leadership, economic
development, and funding research for community programs, as we
continue to invest for growth," said William S. Demchak, chairman, president and
chief executive officer of PNC. "Adding Renu to our board is
another step in our commitment to building diverse, high-performing
teams at all levels that reflect our core value of diversity and
inclusion - and make our company stronger."
During Khator's tenure as president, she has led record-breaking
research funding, enrollment, and private support for UH. As part
of an ongoing $1 billion campus
construction program, UH launched its 75-acre Technology Bridge,
which is now home to several start-up companies, research
enterprises and academic programs. In addition, in 2011, UH
earned 'Tier One' status, with the Carnegie Foundation elevating it
to the top category of research universities. Following this
significant success, she led several similar achievements,
including the opening of Houston's
first medical school in more than 40 years, being awarded a Phi
Beta Kappa honor society chapter and more than tripling the number
of National Academy members on the faculty.
"Under Renu's leadership, UH has transformed into an institution
recognized for its unique blend of academic accomplishment,
research innovation, athletic achievement and dedication to the
success of a significantly diverse, determined student body," said
Tilman J. Fertitta, chairman of the
UH System Board of Regents. "Each UH System university has become a
change-agent in the Greater
Houston region and across Texas."
Prior to her appointment at UH, Khator was provost and senior
vice president at the University of South
Florida. Over the course of her 22-year career at USF, she
held roles of increasing importance, beginning with the position of
visiting professor.
In addition to her significant academic background, Khator is on
the board of the Camden Property Trust, a public real estate
investment trust with over $16
billion in market cap.
She was also a member of the Indian Prime Minister's Empowered
Expert Committee, the U.S. Department of Homeland Security's
Academic Advisory Council and 11th District Chair of the
Federal Reserve Bank of Dallas.
She is also a member of the Association of Governing Board of
Colleges and Universities Council of Presidents.
She has been named to the American Academy of Arts and Sciences,
named Houstonian of the year, inducted into the Texas Women's Hall
of Fame and, in 2014, Indian President Pranab Mukherjee presented her with the Pravasi
Bharatiya Samman Award, the highest distinction bestowed upon a
non-resident Indian.
Khator holds a Bachelor of Liberal Arts degree from Kanpur
University, India, as well as a
master's degree and PhD in Political Science from Purdue University.
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
CONTACTS
MEDIA:
Marcey
Zwiebel
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.