PNC Board of Directors Appoints New President

PITTSBURGH, Pa. – The PNC Financial Services Group announced Tuesday that its board of directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, effective immediately.

Lyons will report to William S. Demchak, who will continue in his current roles as chairman and chief executive officer of the corporation. PNC’s primary operating lines of business and the Regional Presidents Office will report to Lyons.

“For more than a decade, Mike has been a vital leader in growing the firm and building expertise in service of our commercial and institutional clients,” Demchak said. “In his new role, he will be instrumental in further driving responsible growth across our franchise and strengthening PNC’s position as a leading national bank.”

Lyons has been an executive vice president and head of Corporate & Institutional Banking since he joined PNC in October 2011. During his tenure, he helped lead PNC’s acquisitions of RBC Bank and BBVA USA, and he spearheaded the national expansion of the company’s corporate businesses.

Before joining PNC, Lyons served as global head of corporate development and strategic planning for Bank of America. He helped reposition Bank of America’s balance sheet and drive its growth strategy. He also led mergers and acquisitions, the private equity business and investor relations for the bank. Previously, he served as a portfolio manager at investment advisor Maverick Capital where he focused on financial institutions globally.

Published by The Business Journal, Youngstown, Ohio.