Truist Appoints Michael Lyons as New CEO
Truist Financial (TFC) announced Michael Lyons as its next president and CEO, effective September 1. "Lyons is a dynamic leader with over three decades of financial services experience and a proven track record of driving growth and competitive innovation in the banking industry," Truist stated. Lyons succeeds Bill Rogers, who will become executive chair on Lyons' start date as part of Truist's leadership succession strategy. Rogers will serve in that role until his planned retirement in April 2027. "Lyons brings more than 30 years of industry leadership, which spans all sectors of financial services, to Truist. Most recently, he was CEO of Fiserv, Inc., a leading global financial technology and payments company that serves more than six million merchants and 10,000 financial institutions with core and digital banking solutions, card processing, merchant acquisition and point-of-sale systems. Previously, Lyons was president of The PNC Financial Services Group, where he led all of PNC's lines of business," the company added.