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Form 8-K · Current Report · Filed 2024-02-20

PNC Appoints Michael P. Lyons as President

The PNC Financial Services Group, Inc. announced on February 20, 2024, that its Board of Directors has appointed Michael P. Lyons as President of the Corporation, effective immediately. Lyons, who has been with PNC since 2011, previously served as Executive Vice President and Head of Corporate & Institutional Banking. William S. Demchak will continue as Chairman and Chief Executive Officer. A press release detailing this appointment is furnished as Exhibit 99.1.

Filer
PNC Financial Services Group, Inc. PNC · NYSE
Filed
Accession
0000713676-24-000021
CIK
0000713676
Signal
Medium impactFinancial Services

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New President Appointed
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$148.85

Next session

-1.5%

Since filing

+67.9%

Latest close

$249.87

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PNC reporting the same item, with the next session's move:

Exhibits (1)

About PNC Financial Services Group, Inc.

PNC Financial Services Group, Inc. is a diversified financial services institution that delivers comprehensive banking and financial solutions across the United States. Renowned for its broad range of services, PNC offers personal banking, mortgage and loan products, as well as wealth management and institutional banking solutions. It serves individual consumers, small businesses, and corporations, providing tailored services to meet various financial needs. PNC is distinguished by its regional community banking model, fostering strong local connections while offering the capabilities of a large financial organization. The company plays a crucial role in the financial market by facilitating capital flow and supporting economic growth through its lending and financial advisory services. As one of the largest banks in the United States, PNC continues to expand its footprint and enhance customer satisfaction through technology-driven innovations and strategic growth initiatives.

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