Michael P. Lyons Named CEO of Truist Financial
A veteran of the banking industry with three decades of experience, Michael P. Lyons will take the helm at Truist Financial Corporation on September 1, 2026. He succeeds current CEO Bill Rogers, who is transitioning into the role of executive chair to oversee the firm’s leadership succession before retiring in April 2027.
Lyons joins Truist following a tenure as CEO of the fintech firm Fiserv, Inc. His background includes a significant 13-year career at The PNC Financial Services Group, where he served as president and managed the bank's national growth and strategic acquisitions totaling over $15 billion. His earlier career includes senior roles at Bank of America, overseeing corporate development and investor relations.
Lead Independent Director Thomas E. Skains described the incoming CEO as an action-oriented leader capable of steering the company through its next phase of development. The transition marks a strategic pivot for the Charlotte-based institution, which currently holds $549 billion in total assets. Rogers, who has led the organization through its recent evolution, will remain with the company in his new capacity to ensure continuity until his departure in the spring of 2027.
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