Truist Names New CEO to Drive Growth

Truist announced on Monday that Mike Lyons, the chief executive of Fiserv, will become the bank's next president and CEO. Lyons, aged 55, is set to commence his duties on September 1, succeeding Bill Rogers. Rogers, who has led the Charlotte, North Carolina-based bank since September 2021, will assume the role of executive chair on the same date, remaining in this capacity until his retirement in April 2027.

Thomas Skains, Truist's lead independent director, stated that Lyons is an action-oriented leader committed to high performance, making him the ideal choice for Truist's next phase of growth. Skains also conveyed gratitude for Rogers's purpose-driven leadership and anticipates his continued impactful contributions as executive chair. Rogers, who previously served as Truist's president and COO, highlighted the bank's strong foundation and culture, expressing his excitement for Lyons to lead Truist forward with purpose, care, and urgency.

Lyons brings extensive experience to Truist, having previously spent approximately 13 years at PNC. He officially became Fiserv's CEO in May of the previous year, following a period as its president. Lyons described Truist as an exceptional bank with an incredible culture and expressed his enthusiasm for driving its next phase of growth and creating value for clients and communities.