PITTSBURGH, Jan. 4, 2018 /PRNewswire/ -- The PNC
Financial Services Group, Inc. (NYSE: PNC) today appointed
Linda R. Medler and Martin Pfinsgraff to its board of directors,
effective immediately.
Linda R. Medler, Brigadier
General, United States Air Force (Retired), is the president and
chief executive officer of LA Medler and Associates, LLC, providing
cyber strategy consulting services to commercial clients and
numerous U.S. Department of Defense customers. Medler was the
chief information security officer and director of information
technology security of Raytheon Missile Systems, a subsidiary of
Raytheon Company, a position she held until Dec. 2017.
In 2014, she completed 30 years of active service in the U.S.
Air Force, retiring as a brigadier general. Her last position held
was director of capability and resource integration for the United
States Cyber Command. Medler holds a bachelor's degree from the
University of Arkansas at Little Rock,
and master degrees from the University of
Arizona and from the Naval War
College.
Martin Pfinsgraff is the former
senior deputy comptroller for large bank supervision at the Office
of the Comptroller of the Currency ("OCC"), a position he held from
2013 until 2017. Prior to this position, from 2011 until 2013,
Pfinsgraff was the deputy comptroller for credit and market risk at
the OCC. Pfinsgraff served on the board of directors of Acell
Inc., an early stage medical device manufacturer, from 2010 until
2015. Prior to Acell, Pfinsgraff was chief operating officer of
iJet International, a risk management solutions company he
co-founded.
Prior to iJet, Pfinsgraff held leadership positions with
Prudential Financial from 1989 – 2000, most recently serving as
president, Capital Markets, Prudential Securities. He holds a
bachelor's degree from Allegheny
College and an MBA from Harvard
Business School.
"PNC is continuing to build its board with the expertise
required in the current market," said William S. Demchak, PNC's chairman, president
and chief executive officer. "Ms. Medler and Mr. Pfinsgraff have
extensive leadership experience and bring deep knowledge and
insights to PNC. We welcome them to our board of directors."
Medler was appointed to the Risk Committee and the Technology
Subcommittee of the Risk Committee. Pfinsgraff was appointed
to the Audit Committee and Risk Committee. Medler and
Pfinsgraff were also appointed as directors of PNC Bank, National
Association.
In addition, PNC's board of directors declared a quarterly cash
dividend on the common stock of 75
cents per share. The dividend is payable Feb. 5, 2018 to shareholders of record at the
close of business Jan. 17, 2018.
The board also declared a cash dividend on the following series
of preferred stocks:
- Series B: a quarterly dividend of 45 cents per share with a payment date of
March 10, 2018 will be payable the
next business day to shareholders of record at the close of
business Feb. 16, 2018.
- Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which
represent one share of Series O preferred stock) will be payable
Feb. 1, 2018 to shareholders of
record at the close of business Jan. 17,
2018.
- Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of
which represent one share of Series P preferred stock) will be
payable Feb. 1, 2018 to shareholders
of record at the close of business Jan. 17,
2018.
- Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of
which represent one share of Series Q preferred stock) will be
payable March 1, 2018 to shareholders
of record at the close of business Feb. 14,
2018.
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:
Diane Zappas
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE PNC Financial Services Group, Inc.