Jim Rohr was born on October 18, 1948, and is a Cleveland, Ohio native. He earned a bachelor of arts degree from the University of Notre Dame in 1970. Jim took up further studies and earned an MBA in 1972 from The Ohio State University.
Jim has been connected to one company in his entire professional career having worked at PNC Financial Services Group, affiliated or predecessor company. He joined the group in 1972 and held various marketing and management positions. Among them as president and vice chair and president and chief operating officer. Jim was promoted to chief executive officer in 2000 and chairman in 2001.
He was immediately faced with a major challenge when he assumed the CEO post. PNC was forced to restate its 2001 earnings because it had shifted $762 million in underperforming assets and loans to accounts that were removed from the company’s balance sheet. Jim was able to handle the scandal properly and guided the banking corporation out of troubled waters.
Yet this took a while as Jim faced problem which included the stock of PNC loosing around half its overall value during 2001. As could be expected during shareholders’ meetings there were those demanding for his resignation as CEO. Jim and his team prevailed. PNC’s net income began to rise in 2004 and the following year the financial institution earned a company record $1.3 billion.
Jim did not stop there as he led PNC in acquiring other banks turning the company into a major regional bank. One of the major acquisition was during the height of the financial crisis in 2008 when PNC acquired National City Corporation which doubled the size of PNC making it briefly one of the five largest US banks.
Jim was bestowed 2007 American Banker’s Banker of the Year Award. He retired as CEO in 2013 and as executive chairman in April 2014 having served at PNC for 42 years, including 13 years as CEO.
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