Truist Bank Names New CEO to Take Over in September 2026

Michael P. Lyons will become the next chief executive of Truist Financial, one of America's largest banks, starting September 1, 2026. Truist announced the appointment in June 2026.

Lyons brings over 30 years of experience in banking and financial services. The bank has not yet disclosed details about his most recent job or his salary package.

The Transition Plan

Bill Rogers, the current CEO, will step into a new role as executive chair. He'll stay in that position until April 2027 — roughly seven months after Lyons takes over as CEO. This overlap gives the two leaders time to work together during the handoff.

This kind of transition is common at large American banks. The idea is simple: the experienced outgoing leader helps smooth the change while the new leader finds his footing and starts making his own decisions.

What This Means

Truist is the seventh-largest commercial bank in the United States, with about $530 billion in assets. The bank was created in 2019 when BB&T and SunTrust Banks merged — the big operational task ever since has been combining two large regional banks into one unified operation.

The choice of a new CEO is a chance for the bank's board to signal what comes next. Does Truist want to focus on growing its customer base? Cutting costs? Further streamlining how it operates? Or some mix of all three?

The bank has not announced any changes to its financial outlook, dividend plans, or internal structure alongside Lyons's appointment. His fuller profile and strategic priorities will likely emerge closer to his September start date.