PNC pioneer credit limited

Ann: Chief Financial Officer Departure, page-4

  1. 28,330 Posts.
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    CFO was leaving anyway, just brought forward, probably has a new job lined up.
    Carlye would have wanted him there until the transaction was completed, just makes life easier for them.

    If anything I would say this casts further doubt on the transaction proceeding IMO.
    I've been in companies where takeovers have happened & key staff were paid considerable bonuses to stay in their postions until it was completed even though their jobs were dissapearing.
    CFO along with CEO/COO are the two most key employees in a takeover.
 
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