Summary
PNC Financial Services Group, Inc. announced a strategic expansion of its Board of Directors, increasing its size from 14 to 16 members with the appointment of two new directors, Linda R. Medler and Martin Pfinsgraff, effective January 4, 2018. Both appointees have been deemed independent by the New York Stock Exchange, bringing valuable expertise in cybersecurity strategy and financial regulation respectively. Ms. Medler, a retired Brigadier General from the U.S. Air Force and CEO of LA Medler and Associates, LLC, brings significant experience in cyber strategy consulting, particularly for commercial clients and the U.S. Department of Defense. Her appointment to the Risk Committee and its Technology Subcommittee underscores PNC's focus on cybersecurity and risk management. Mr. Pfinsgraff, formerly the Senior Deputy Comptroller for Large Bank Supervision at the Office of the Comptroller of the Currency, adds deep regulatory and financial oversight experience. His appointment to the Audit Committee and Risk Committee will be instrumental in strengthening governance and risk oversight. Both new directors have also been appointed to the board of PNC Bank, National Association.
Key Highlights
- 1PNC expanded its Board of Directors from 14 to 16 members.
- 2Linda R. Medler and Martin Pfinsgraff were appointed as new directors.
- 3Both new directors have been determined to be independent by the NYSE.
- 4Linda R. Medler brings expertise in cyber strategy and consulting.
- 5Martin Pfinsgraff offers extensive experience in large bank supervision from the OCC.
- 6Ms. Medler was appointed to the Risk Committee and Technology Subcommittee.
- 7Mr. Pfinsgraff was appointed to the Audit Committee and Risk Committee.