Truist Financial said Michael P. Lyons will become president and chief executive officer on Sept. 1, 2026, replacing Bill Rogers in the top job. Rogers will move into the executive chair role on the same date and remain there until his planned retirement in April 2027.
Lyons comes to Truist after serving as chief executive of Fiserv, where he led a company that serves more than 6 million merchants and 10,000 financial institutions. Before that, he spent more than 13 years at PNC Financial Services, including as president, where he oversaw all of PNC’s lines of business.
At PNC, Lyons helped guide more than $15 billion of strategic acquisitions and supported the bank’s national expansion. Earlier in his career, he held senior roles at Bank of America in corporate development, strategic planning, investor relations and private equity.
Truist described itself as a top 10 commercial bank with $549 billion in total assets as of March 31, 2026. The leadership change sets up a roughly seven-month transition period between Lyons’ start date in September 2026 and Rogers’ retirement in April 2027. As a result of these announcements, the company's shares have moved -2.02% on the market, and are now trading at a price of $50.615. Check out the company's full 8-K submission here.
