Truist Financial Corporation says Michael P. Lyons will take over as president and chief executive officer on Sept. 1, 2026. The move triggers a planned leadership handoff: Bill Rogers shifts to executive chair starting that date and stays in the role until hi
On Sept. 1, 2026, Truist will have a new chief executive — and the change is built to be deliberate rather than disruptive.
Truist Financial Corporation announced that Michael P. Lyons will become its next president and chief executive officer effective Sept. 1, 2026. Lyons will succeed Bill Rogers, who will assume the executive chair role on Lyons’ start date as part of Truist’s planned leadership succession strategy.
Rogers will remain executive chair until his planned retirement in April 2027. It’s a clear timeline that turns what could have been a sudden transition into a staged handoff.
Lyons arrives at Truist with more than 30 years of financial services experience and a leadership resume that spans both banking and financial technology. Most recently. he was CEO of Fiserv. Inc. a global financial technology and payments company that serves more than six million merchants and 10. 000 financial institutions with core and digital banking solutions. card processing. merchant acquisition and point-of-sale systems.
Before Fiserv, Lyons served as president of The PNC Financial Services Group. Truist says that during more than 13 years at PNC. he led all of PNC’s lines of business and helped shape strategy. drive financial performance. advance payments offerings. and enable successful national growth. The company also says Lyons helped lead more than $15 billion of strategic acquisitions at PNC and expansion of the bank’s geographic footprint.
Earlier in his career, Lyons was the global head of corporate development, strategic planning, investor relations and private equity at Bank of America.
Truist’s succession messaging is framed around performance and continuity. The company’s Lead Independent Director Thomas E. Skains 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. 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, in his remarks, focused on what comes next for the bank and its clients. “Truist is an exceptional bank with a strong foundation, incredible teammates and an extraordinary culture,” Lyons said. “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.”.
Rogers’ comments carried the tone of a leader passing the baton on a schedule he had already planned. “Mike will move Truist forward with purpose and care, and a sense of urgency to realize our potential,” Rogers said. “It has been the professional privilege of my lifetime to lead Truist and to work alongside truly extraordinary teammates. We are proud and ready for this important next chapter in our story.”.
The transition lands at a time when Truist describes itself as a large, diversified institution. Truist Financial Corporation is headquartered in Charlotte. North Carolina. and the company says it has leading market share in many of the high-growth markets in the U.S. The bank offers products and services through wholesale and consumer businesses. including consumer and small business banking. commercial and corporate banking. investment banking and capital markets. wealth management. payments. and specialized lending businesses.
Truist also points to its scale: it is a top 10 commercial bank with total assets of $549 billion as of March 31, 2026. The company notes Truist Bank is a Member FDIC and an Equal Housing Lender, and it says more information is available at Truist.com.
For now, the message from the leadership succession is straightforward: Lyons is set to take the top job on Sept. 1, 2026, while Rogers will continue guiding the company in executive chair form until his planned retirement in April 2027.
Truist Michael P. Lyons Bill Rogers CEO executive chair leadership succession financial services Fiserv PNC Financial Services Group Charlotte