Truist Vice Chair and COO Beau Cummins resigns effective immediately

TRUIST FINANCIAL CORP

Cummins resigned as Vice Chair and COO on Jan 13, 2025, citing material change in responsibilities.
Resignation follows completion of key initiatives including sale of Truist Insurance Holdings and strategic direction set.
Cummins eligible for 'Good Reason' severance benefits under Truist's existing severance plan plus 2024 cash incentive.
Enterprise payments business will transition to Kristin Lesher; remaining duties to CFO Michael Maguire.

item 5.02 item 9.01

Executive movements

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Departed

Hugh S. “Beau” Cummins III

Vice Chair and Chief Operating Officer

TFC · TRUIST FINANCIAL CORP

Effective: 2025-01-13
Filed: January 13, 2025, 6:59 PM ET

On January 13, 2025, Hugh S. “Beau” Cummins III, Vice Chair and Chief Operating Officer of Truist Financial Corporation (“Truist”), announced that he will resign from his position, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Hugh S. “Beau” Cummins III resigned as Vice Chair and Chief Operating Officer at TRUIST FINANCIAL CORP.

Action: resigned
Role: Vice Chair and Chief Operating Officer

Exact text from the filing

On January 13, 2025, Hugh S. “Beau” Cummins III, Vice Chair and Chief Operating Officer of Truist Financial Corporation (“Truist”), announced that he will resign from his position, effective immediately.

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TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-005029

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