Truist Financial in Charlotte, N.C., has a new leader lined up.
The company said in a press release that Mike Lyon will succeed Bill Rogers as president and CEO on Sept. 1. Lyon was CEO of Fiserv.
Rogers, who has served as Truist’s CEO since September 2021, will serve as executive chairman until he retires next year.
“Through our succession planning process, it became clear that Mike is an action-oriented leader committed to high performance across the full range of our company operations and the right person to lead Truist’s next chapter of growth,” Thomas Skains, Truist’s lead independent director, said in the release.
“We are incredibly grateful for Bill’s purpose-driven leadership as Truist’s chief executive officer, and we look forward to his impactful contributions as executive chair,” Skains added.
Rogers led SunTrust Banks when it merged with BB&T to create Truist in 2019. At that time, he became the combined bank’s president chief operating officer.