Truist Financial Corporation named Michael P. Lyons as its next president and chief executive officer, effective Sept. 1, 2026, marking a significant leadership transition at the Charlotte-based bank. Lyons, who brings over three decades of financial services experience, will succeed Bill Rogers in the role.
Rogers will transition to executive chair on Lyons’ start date as part of Truist’s planned leadership succession strategy. Rogers will serve in that role until his retirement in April 2027, according to the company announcement made June 15.
Lyons most recently served as CEO of Fiserv, Inc., a leading global financial technology and payments company. Before joining Fiserv, he was president of The PNC Financial Services Group, where he led all of PNC’s lines of business during more than 13 years with the organization. At PNC, he played an instrumental role in shaping the bank’s strategy, driving financial performance, and advancing its payments offerings. He also helped lead more than $15 billion of strategic acquisitions and expansion of PNC’s geographic footprint, according to Truist’s announcement.
Earlier in his career, Lyons held senior positions at Bank of America, including roles in corporate development, strategic planning, investor relations, and private equity. “Truist is an exceptional bank with a strong foundation, incredible teammates and an extraordinary culture,” Lyons said in a statement. “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.”
Thomas E. Skains, Truist’s lead independent director, praised the succession process. “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,” 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.”
Rogers, who became CEO in September 2021 and chairman in March 2022, expressed confidence in the transition. “Mike will move Truist forward with purpose and care, and a sense of urgency to realize our potential,” Rogers said.
Sources
- PR Newswire — Official announcement of Lyons’ appointment, Rogers’ transition to executive chair, and April 2027 retirement date
- Banking Dive — Confirmation of Lyons’ Fiserv background and Rogers’ executive chair role through April 2027
- TradingView — Details on the September 1, 2026 effective date and Rogers’ retirement timeline
