Truist CEO Kelly King to become Executive Chairman; Bill Rogers to succeed as CEO on Sept 12

TRUIST FINANCIAL CORP

Kelly King transitions to Executive Chairman through March 12, 2022; Bill Rogers becomes CEO effective Sept 12, 2021.
Rogers' base salary raised to $1.2M; target annual incentive at 300% of base, LTI at 785% of base.
Chris Henson, Head of Banking and Insurance, retires effective Sept 30, 2021, receiving 'Good Reason Termination' severance.
New executive leadership team named effective Sept 1, including Daryl Bible (CFO), Scott Case (CIO), and others.
Bylaws amended to add officer title of Vice Chair; Board may no longer elect Vice Chairmen.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Christopher L. Henson

Senior Executive Vice President and Head of Banking and Insurance

TFC · TRUIST FINANCIAL CORP

Effective: 2021-09-30
Filed: August 17, 2021, 7:59 PM ET

On August 16, 2021, Christopher L. Henson, Senior Executive Vice President and Head of Banking and Insurance, announced that he will retire from his position at Truist. His retirement will be effective as of September 30, 2021.

Role change

Kelly S. King

Executive Chairman of the Board of Directors

TFC · TRUIST FINANCIAL CORP

Effective: 2021-09-12
Filed: August 17, 2021, 7:59 PM ET

Kelly S. King, Chairman and Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of Truist, a position he will occupy through March 12, 2022.

Appointed

William H. Rogers, Jr.

Chief Executive Officer

TFC · TRUIST FINANCIAL CORP

Effective: 2021-09-12
Filed: August 17, 2021, 7:59 PM ET

William H. Rogers, Jr., 63, President and Chief Operating Officer, will assume the role of Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher L. Henson retired as Senior Executive Vice President and Head of Banking and Insurance at TRUIST FINANCIAL CORP.

Action: retired
Role: Senior Executive Vice President and Head of Banking and Insurance

Exact text from the filing

On August 16, 2021, Christopher L. Henson, Senior Executive Vice President and Head of Banking and Insurance, announced that he will retire from his position at Truist. His retirement will be effective as of September 30, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kelly S. King changed role as Executive Chairman of the Board of Directors at TRUIST FINANCIAL CORP.

Action: transitioned to
Role: Executive Chairman of the Board of Directors

Exact text from the filing

Kelly S. King, Chairman and Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of Truist, a position he will occupy through March 12, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William H. Rogers, Jr. was appointed as Chief Executive Officer at TRUIST FINANCIAL CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

William H. Rogers, Jr., 63, President and Chief Operating Officer, will assume the role of Chief Executive Officer.

View on SEC.gov

TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000092230-21-000067

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