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Jim Rohr



James "Jim" E. Rohr (born October 18, 1948) is former Chairman of PNC Financial Services Group (commonly known as PNC Bank) and former CEO. Rohr served as CEO from May 2000 to April 2013 and as Chairman from May 2001 to April 2014, both times taking over for Tom O'Brien. He is currently chairman of the Carnegie Mellon University Board of Trustees.

Rohr was the grandson of an Alsatian immigrant to America, a cook in a hotel, who married the hotel's Irish laundress and opened his own restaurant in Cleveland, Ohio. Rohr's father, also a Cleveland restauranteur died when Rohr was still in grade school. Rohr graduated from Cleveland's 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. As CEO, Rohr managed 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 led an overhaul of PNC's risk management systems that would ultimately help position PNC well for the 2008 financial crisis to come, and his reforms helped boost the performance of PNC's stock. By 2003, PNC was in acquisition mode, picking up United National Bancorp, expanding its presence in Eastern Pennsylvania and Central New Jersey. In the first half of 2004, PNC's net income rose 41 percent compared to the same part of 2003. At the end of 2004, PNC's assets were nearly $80 billion. 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.


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