CHARLOTTE, N.C., Oct. 2, 2023
/PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today
announced changes to its board of directors. Four members of the
board are retiring after reaching Truist's mandatory retirement
age, and four members of the board have decided to conclude their
board service, all effective Dec. 31,
2023. With these changes, Truist's board will consist of 13
directors—12 of whom are independent.
"We are deeply grateful for the unwavering commitment of each
board member completing service. They have all made meaningful
contributions to Truist, and we respect the decisions that several
have made to conclude their service early," said Truist Lead
Independent Director Thomas Skains.
"Truist's continuing directors offer a diverse set of skills and
experiences and are well positioned to continue setting Truist's
strategic priorities and provide oversight to drive shareholder
value."
The Truist board members concluding service this year are
Anna R. Cablik, Paul D. Donahue, Kelly
S. King, Easter A. Maynard,
Nido R. Qubein, David M. Ratcliffe,
Frank P. Scruggs, Jr. and
Thomas M. Thompson.
"Our board members have worked effectively together to oversee
Truist's successful formation and integration in a historic
operating environment," said Truist Chairman and CEO Bill Rogers. "With that integration complete,
and several strategic initiatives underway that will guide our path
forward, the board remains well positioned to shape, oversee and
advance the strategic imperatives of Truist in this period of rapid
industry transformation. It has been a distinct pleasure working
with these great leaders who are the true architects of Truist, and
we are indebted to them."
About Truist
Truist Financial Corporation is a purpose-driven financial
services company committed to inspiring and building better lives
and communities. Truist has leading market share in many
high-growth markets in the country and offers a wide range of
products and services through our retail and small business
banking, commercial banking, corporate and investment banking,
insurance, wealth management, and specialized lending businesses.
Headquartered in Charlotte, North
Carolina, Truist is a top 10 U.S. commercial bank with total
assets of $555 billion as of
June 30, 2023. Truist Bank, Member
FDIC. Learn more at Truist.com.
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SOURCE Truist Financial Corporation