Truist announced Michael P. Lyons will take the helm as its next president and CEO following the announced retirement of current CEO, Bill Rogers.
Lyons will move into the president and CEO effective Sept. 1, 2026, while Rogers will assume the position of executive chair. The move is part of a planned leadership succession until Rogers’ retirement in April 2027, officials said.
“Through our succession planning process, it became clear that Mike is an action-oriented leader committed to high performance across the full range of our company operations and the right person to lead Truist’s next chapter of growth,” Truist Lead Independent Director Thomas E. Skains said. “We are incredibly grateful for Bill’s purpose-driven leadership as Truist’s chief executive officer, and we look forward to his impactful contributions as executive chair.”
Lyons has more than three decades of experience, spanning all secotrs of financial services. Most recently, he served as the CEO of Fiserv, Inc., a leading global financial technology and payments company. Officials said Lyons has a proven track record of driving growth and competitive innovation in the banking industry.
Previously, Lyons was president of The PNC Financial Services Group, where he played an instrumental role in shaping PNC’s strategy, driving its financial performance, advancing its payments offerings and enabling successful national growth. He has also served as the global head of corporate development, strategic planning, investor relations and private equity at Bank of America.
“Truist is an exceptional bank with a strong foundation, incredible teammates and an extraordinary culture,” said Lyons. “I couldn’t be more excited to join the bank as CEO to apply my leadership experience and vision to drive the next phase of Truist’s growth, cementing its position as a bank of choice for clients and creating value in the communities we serve. I also want to express my gratitude to Bill for the company and culture he has built.”