PNC Financial Services Group Inc Executive Chairman James Rohr will not be seeking re-election to the board of New York-based asset manager BlackRock next year, the company said in a regulatory filing on Friday.
PNC, BlackRock's largest shareholder, owned a 21 percent stake in the company at the end of June. BlackRock spokesman Brian Beades declined to comment on the filing.
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Rohr, who plans to step down as chairman of PNC next year, was elected to General Electric Co's board of directors on Friday.
(Reporting by Ashley Lau in New York)