The technology vendor is going outside the company to hire PNC vet Michael Lyons to replace Trump administration-bound Frank Bisignano, leaving the Pittsburgh-bank without its heir apparent for the top role.

Michael P. Lyons will join Fiserv on Monday and become CEO on June 30, or when the company’s current leader is confirmed to lead the Social Security Administration.

Bisignano in December accepted a nomination by the incoming Trump Administration to take on the role of Commissioner of the Social Security Administration. He assured equity analysts at the time that he had formed a succession plan and intended to run Fiserv at least until February.

Fiserve Inc. said Michael Lyons, its new president/CEO-elect, starts his new job on Monday, Jan. 27. Lyons is leaving PNC Financial Services Group Inc. (NYSE:PNC) where he's worked since 2011 and has been president since last February.

Fiserv (FI) announced the appointment of Michael Lyons as president and CEO-elect of Fiserv, effective January 27. Lyons will report to Frank