Truist Names Michael Lyons as Incoming CEO

Truist Financial Corporation announced that Michael P. Lyons will become president and CEO effective September 1, 2026. Mr. Lyons succeeds Bill Rogers, who will transition to executive chair as part of the company's planned leadership succession strategy. Mr. Rogers is expected to remain in that role until his planned retirement in April 2027.

Mr. Lyons joins Truist from Fiserv, Inc., where he most recently served as chief executive officer. At Fiserv, he led a global financial technology and payments company serving more than 6 million merchants and 10,000 financial institutions.

Before joining Fiserv, Mr. Lyons served as president of The PNC Financial Services Group. During his more than 13 years at PNC, he oversaw the bank's business lines, helped guide strategic growth initiatives, and supported a series of acquisitions and geographic expansion efforts. Earlier in his career, Mr. Lyons held leadership roles at Bank of America, including responsibilities for corporate development, strategic planning, investor relations, and private equity.

According to Truist, the leadership transition is the result of a planned succession process designed to support the company's long-term growth strategy.