PNC Taps Ex-BlackRock Star Mark Wiedman as President
PNC PNC -0.19%decrease; red down pointing triangle Financial Services Group hired Mark Wiedman as its president, tapping the former-BlackRock BLK -0.62%decrease; red down pointing triangle executive to help lead efforts under Chief Executive Bill Demchak to position the bank ahead of the curve with competitors at a pivotal moment for the industry.
A two-decade veteran of BlackRock, Wiedman was most recently the head of its global client business. He had been viewed as a lead contender to take over for CEO Larry Fink until his departure from the firm this year. In the new role, which is effective immediately, Wiedman will be at the top of the succession list for Demchak.
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