Truist appoints Michael B. Maguire as CFO; Clarke Starnes named Vice Chair with expanded duties

TRUIST FINANCIAL CORP

Michael B. Maguire appointed CFO effective Sept 15, 2022; base salary $700k, target annual cash incentive 180% of salary, long-term incentive 380% of salary.
Clarke R. Starnes III designated Vice Chair, now oversees procurement, third-party risk, supplier diversity, and data analytics; base salary $760k, target annual cash 215%, long-term 450%.
Starnes also gets oversight of Corporate Security and credit risk modeling teams under the Risk Management Organization.
Both compensation adjustments approved by Compensation Committee and Risk Committee effective Sept 15, 2022.

item 5.02 item 9.01

Executive movements

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

Role change

Clarke R. Starnes III

Vice Chair

TFC · TRUIST FINANCIAL CORP

Filed: September 16, 2022, 7:59 PM ET

Mr. Starnes has been designated the additional officer title of Vice Chair in connection with these new responsibilities.

Appointed

Michael B. Maguire

Chief Financial Officer

TFC · TRUIST FINANCIAL CORP

Effective: 2022-09-15
Filed: September 16, 2022, 7:59 PM ET

On September 7, 2022, Truist Financial Corporation (“Truist”) announced the appointment of Michael B. Maguire as Chief Financial Officer of Truist, effective as of September 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Clarke R. Starnes III changed role as Vice Chair at TRUIST FINANCIAL CORP.

Action: designated
Role: Vice Chair

Exact text from the filing

Mr. Starnes has been designated the additional officer title of Vice Chair in connection with these new responsibilities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael B. Maguire was appointed as Chief Financial Officer at TRUIST FINANCIAL CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 7, 2022, Truist Financial Corporation (“Truist”) announced the appointment of Michael B. Maguire as Chief Financial Officer of Truist, effective as of September 15, 2022.

View on SEC.gov

TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000092230-22-000095

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