Truist Financial Corporation (NYSE: TFC) announced Michael P. Lyons as its next president and chief executive officer, effective Sept. 1, 2026, according to a company statement.

Lyons will succeed Bill Rogers, who will transition to executive chair on Lyons' start date and serve in that role until his planned retirement in April 2027.

Lyons brings over 30 years of financial services experience to Truist. He most recently served as CEO of Fiserv, Inc., a financial technology and payments company that serves more than six million merchants and 10,000 financial institutions.

Prior to Fiserv, Lyons was president of The PNC Financial Services Group, where he led all of PNC's business lines for more than 13 years. During his tenure at PNC, he helped lead more than $15 billion of strategic acquisitions and the bank's geographic expansion. Earlier in his career, he served as global head of corporate development, strategic planning, investor relations and private equity at Bank of America.

"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," said Truist Lead Independent Director Thomas E. Skains.

Truist is headquartered in Charlotte, North Carolina, and operates as a top 10 commercial bank with total assets of $549 billion as of March 31, 2026. The company provides banking, investment, wealth management, and specialized lending services through wholesale and consumer businesses.