Truist CEO Bill Rogers to retire Sept 1, 2026; Michael P. Lyons named successor as President & CEO

TRUIST FINANCIAL CORP

Bill Rogers to retire as CEO on Sept 1, 2026, become Executive Chair until April 2027 annual meeting.
Michael P. Lyons, ex-CEO of Fiserv and ex-President of PNC, to succeed as CEO and President effective Sept 1, 2026.
Lyons' initial compensation: $1.3M base salary, target annual incentive 325% of base, and $12M LTI grant for 2026.
Lyons gets $2.7M cash replacement awards and ~$37.5M in LTI replacement awards over multi-year performance periods.

item 5.02 item 7.01 item 9.01

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Executive movements

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Departed

William H. Rogers, Jr.

Chief Executive Officer and President

TFC · TRUIST FINANCIAL CORP

Effective: 2026-09-01
Successor: Michael P. Lyons
Filed: June 15, 2026, 8:07 AM ET

William H. Rogers, Jr. will retire as Chief Executive Officer ("CEO") and President of the Corporation and the Bank effective on September 1, 2026 (the "Transition Date").

Appointed

Michael P. Lyons

Chief Executive Officer and President

TFC · TRUIST FINANCIAL CORP

Effective: 2026-09-01
Filed: June 15, 2026, 8:07 AM ET

Michael P. Lyons will be appointed to serve as CEO and President of the Corporation and the Bank and as a member of the Boards effective on the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William H. Rogers, Jr. departed as Chief Executive Officer and President at TRUIST FINANCIAL CORP.

Action: retire
Role: Chief Executive Officer and President

Exact text from the filing

William H. Rogers, Jr. will retire as Chief Executive Officer ("CEO") and President of the Corporation and the Bank effective on September 1, 2026 (the "Transition Date").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael P. Lyons was appointed as Chief Executive Officer and President at TRUIST FINANCIAL CORP.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

Michael P. Lyons will be appointed to serve as CEO and President of the Corporation and the Bank and as a member of the Boards effective on the Transition Date.

View on SEC.gov

TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-270320

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