Daily News: January 4, 2019

PNC Adds Three New Members to Board of Directors


PNC Financial Services increased the number of directors on its board to 14 and appointed three new members: Joseph Alvarado, Richard Harshman and Toni Townes-Whitley.

Alvarado is the former chairman, president and CEO of Commercial Metals Company, a Fortune 500 global metals firm which is active in recycling, manufacturing, fabricating and trading. He has achieved global experience in the steel, metal processing, energy and chemical industries. He will serve on PNC’s Audit Committee and the Compliance Subcommittee of the Risk Committee.

Harshman is the current chairman and former president and CEO of Allegheny Technologies, a Pittsburgh-based, global manufacturer of technically advanced specialty materials and complex parts and components. He joined the company in 1978 and has served in a number of key roles, such as chief financial officer and chief operating officer. He was appointed to PNC’s Audit Committee and the Personnel and Compensation Committee.

Townes-Whitley is president, U.S. regulated industries at tech giant Microsoft. In this role, she leads Microsoft’s U.S. sales strategy for driving digital transformation across customers and partners within the public sector and regulated industries. She was appointed to the Technology Subcommittee of the Risk Committee.

“Each of these three new members of PNC’s board of directors have achieved significant leadership experience and business expertise within different industries and disciplines, and adding them to our board positions PNC well for continued strength and growth as our business evolves,” said William S. Demchak, PNC’s chairman, president and CEO. “We are committed to intentionally building diverse, high-performing teams at all levels, and the addition of these directors ensures that our board continues to reflect our core value of diversity and inclusion, which makes our board and our company stronger.”