PITTSBURGH, May 10, 2022 /PRNewswire/ — PNC Financial Services Group, Inc. (NYSE: PNC) Appointed Renou KhatorPh.D., Chancellor of the University of Houston System and President of University of Houston, to its Board of Directors, effective today. She has also been appointed to the Nominating and Governance and Audit Committees of the Board.
Khator currently holds the dual title of Chancellor of the University of Houston system, and president of the University of Houston (UH). As chancellor of the UH system, she oversees a four-university organization that serves more than 76,000 students. She was the first female chancellor of the state of Texasand the first Indian immigrant to run a comprehensive research university in United States. As president of the University of HoustonKhator guided the transformation of the university into a leading institution with a $6.4 billion economic impact on the Greater Houston area each year.
“We are delighted to welcome Renu as a new Independent Director and to leverage her deep expertise in leadership, economic development and fundraising for community programs as we continue to invest for growth. “, said William S. Demchak, Chairman, President and CEO of PNC. “Adding Renu to our Board of Directors is another step in our commitment to building diverse, high-performing teams at all levels that reflect our core value of diversity and inclusion – and strengthen our business.”
During Khator’s tenure as president, she led record research funding, enrollment, and private support for UH. As part of an ongoing process $1 billion campus building program, UH launched its 75-acre tech bridge, which is now home to several start-ups, research companies and academic programs. Additionally, in 2011, UH was granted “Tier One” status, with the Carnegie Foundation elevating it to the first category of research universities. Following this significant success, she led several similar achievements, including the opening of from Houston first medical school in over 40 years, to receive a chapter of the Phi Beta Kappa Honor Society, and to more than triple the number of National Academy members on the faculty.
“Under Renu’s leadership, UH has evolved into an institution recognized for its unique blend of academic achievement, research innovation, athletic achievement, and dedication to the success of a highly diverse and determined student body. “, said Tilman J. Fertitta, Chairman of the UH System Board of Directors. “Each UH System university has become an agent of change in the Greater Houston region and across Texas.”
Prior to her appointment at UH, Khator served as Vice President and Senior Vice President at UH University of South Florida. During her 22-year career at USF, she held positions of increasing prominence, beginning with visiting professorship.
In addition to his extensive academic background, Khator sits on the board of Camden Property Trust, a public property investment trust with over $16 billion in market capitalization.
She has also served as a member of the Indian Prime Minister’s Committee of Authorized Experts, the Academic Advisory Council of the United States Department of Homeland Security and 11e District Chairman of the Federal Reserve Bank of dallas. She is also a member of the Council of Presidents of the Association of Boards of Governors of Colleges and Universities.
She was named to the American Academy of Arts and Sciences, named Houstonian of the Year, inducted into the Texas Women’s Hall of Fame and, in 2014, President of India. Pranab Mukherjee presented him with the Pravasi Bharatiya Samman Award, the highest honor given to a non-resident Indian.
Khator holds a Bachelor of Liberal Arts from Kanpur University, Indiaas well as a master’s and a doctorate in political science from Purdue University.
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and a local offering of personal and business banking services, including a full range of lending products; specialized services for businesses and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For more information about PNC, visit www.pnc.com.
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SOURCE The PNC Financial Services Group, Inc.