PNC Financial Services Group in Pittsburgh has a new president.
The $562 billion-asset company said in a press release that Michael Lyons had taken on the role. He succeeded William Demchak, who remains chairman and CEO.
Lyons, who will oversee PNC’s primary operating business lines and its regional presidents office, previously served as head of corporate and institutional banking.
“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 the release.
“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,” Demchak added.