Charlotte, N.C., June 15, 2026, 08:46 ET
- Truist said Michael P. Lyons is set to take over as president and CEO starting Sept. 1. Bill Rogers will become executive chair and plans to retire in April 2027.
- Truist is getting a new leader with fresh CEO experience at Fiserv and earlier top jobs at PNC and Bank of America.
Truist Financial on Monday picked Michael P. Lyons to become its next president and CEO, handing him the reins at one of the country’s biggest commercial banks. Lyons starts Sept. 1. Current CEO Bill Rogers will move to executive chair, Truist said, following their planned succession. Rogers will stay in that position until his expected retirement in April 2027.
Lyons, 55, was CEO and on the board at Fiserv from May 2025 to June 2026. He joined Fiserv as president and CEO-elect in January 2025. Earlier, he served as president of PNC Financial Services Group and PNC Bank, and led corporate development and strategic planning at Bank of America, Truist said in a same-day SEC filing. SEC The Charlotte Observer also covered the news Monday, pointing to Lyons’ Bank of America tenure and the Sept. 1 start date.
Truist lead independent director Thomas E. Skains called Lyons the “right person to lead Truist’s next chapter of growth.” In the company’s statement, Lyons said, “Truist is an exceptional bank” and thanked Rogers for building the company and its culture. PR Newswire
Lyons comes in with banking and payments background to a company holding $549 billion in assets at March 31, calling itself a top 10 commercial bank. Truist said Fiserv works with over six million merchants and 10,000 financial institutions. Lyons’ time at PNC covered more than $15 billion in strategic deals and geographic growth.
Fiserv has made a quick change at the top. The Wall Street Journal said Fiserv named Takis Georgakopoulos its new CEO and put him on the board, replacing Lyons effective immediately. The Wall Street Journal On the company’s executive leadership page, Georgakopoulos now appears as CEO and board member. He was co-president running Merchant Solutions and Technology.
Truist’s filing shows Lyons will start with a $1.3 million base salary. His 2026 target bonus is set at no less than 325% of salary, prorated from his start. Lyons will also get a 2026 long-term incentive award with a target value of $12 million. He’s in line for extra cash and equity to offset pay he’s leaving behind at his last job. SEC Truist was formed in the December 2019 merger of BB&T and SunTrust. This marks one of the most high-profile leadership changes for the bank since that deal closed.
