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President Michael P. Lyons to Depart PNC

1. PNC President Michael P. Lyons resigns to become Fiserv CEO-Elect. 2. Lyons contributed significantly to PNC's growth over his 13-year tenure. 3. PNC's leadership assures continuity and ongoing success after Lyons' departure. 4. The firm remains focused on expanding its position in diversified financial services. 5. Lyons' move reflects strong ties between PNC and Fiserv.

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FAQ

Why Neutral?

While leadership changes can impact stock, PNC shows strong continuity strategies.

How important is it?

Leadership changes can influence strategic direction but PNC is prepared for transition.

Why Short Term?

Immediate leadership change may cause some volatility but mitigated by established structure.

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FISV
Will Assume President & CEO-Elect Role at Fiserv , /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024. "Mike has been with PNC for 13 years and has been instrumental in our growth and success," said PNC Chairman and CEO William S. Demchak. "He is leaving to go to a great client and partner, and we wish him well. We have built a tremendous leadership team together, and I am confident that we won't miss a step in our journey to becoming one of the largest and most successful banks in the country." The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com. CONTACT: Kristen Pillitteri(412) 762-4550[email protected] SOURCE The PNC Financial Services Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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