Truist Financial named Michael Lyons its next president and chief executive officer effective Sept. 1, succeeding Bill Rogers as part of a planned leadership transition. 

Rogers, who has led the Charlotte, N.C.-based bank since 2021, will become executive chair on Sept. 1 and remain in that position until his planned retirement in April 2027.

Lyons joins Truist from financial technology company Fiserv, where he most recently served as CEO, according to a Truist release. He brings more than three decades of experience in banking and financial services, including leadership roles at PNC Financial, before joining Fiserv in 2025. 

Truist said the appointment is part of a long-term succession plan approved by its board of directors. The company, formed through the 2019 merger of BB&T and SunTrust Banks, is one of the largest U.S. regional banks. 

Following the announcement, Fiserv named Takis Georgakopoulos, the company’s co-president, as its new CEO. 

Truist is using AI within its focus areas, including underwriting, customer service and wholesale banking, according to the bank’s Q1 earnings call. The bank reported that it used generative AI to create 3.4 million call center summaries, each in seconds, in the first quarter, according to previous reporting by FinAi News.

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