CHARLOTTE, N.C., Nov. 14,
2023 /PRNewswire/ -- Truist Financial
Corporation (NYSE: TFC) today announced continued progress in the
company's transformation journey with the creation of a chief
operating officer position, the naming of a new chief consumer
& small business banking officer and the hiring of a new chief
wholesale banking officer.
Truist Vice Chair Beau Cummins
will assume the COO role immediately. His responsibilities in this
new role include leading enterprise strategy, transformation,
operations, and payments as well as a new governance and controls
group. Since 2021, Cummins has served as vice chair with
responsibility for Truist's corporate and investment banking,
commercial real estate, wealth, and national consumer finance
services and payments businesses, in addition to Truist's corporate
strategy and enterprise operations. He previously served as head of
Truist's corporate and institutional group. He had held several
leadership positions at a Truist predecessor as well as other
leading financial services companies. He serves on the board of
directors of Atrium Health Foundation and the Owen Graduate School
of Management board of visitors at Vanderbilt
University.
Dontá Wilson has been named chief consumer & small business
banking officer. He is responsible for the consumer, premier, and
small business segments serving clients through mobile and online
banking, multiple virtual client service centers and more than
2,000 community banking branches across the Southeast,
Mid-Atlantic, and Texas. Wilson
also oversees core deposit and loan products, consumer capital
markets, national consumer finance businesses, enterprise
marketing, client experience strategy, digital banking, and
innovation. He has held several leadership positions through his
career at Truist. He serves on the board of directors for Signet
Jewelers, the board of trustees for the University of North Carolina at Charlotte and on
the board of Samaritan's Feet.
Kristin Lesher will be the new
chief wholesale banking officer, overseeing corporate and
investment banking, commercial banking, commercial real estate, and
wealth management businesses. She comes to Truist from Wells Fargo,
where she has held key leadership positions for more than two
decades, most recently serving as executive vice president and head
of commercial banking coverage. She is a former board chair of
Girls on the Run International, where she served as a board member
for seven years. She will join Truist in her new role in February.
Until that time, Cummins will lead the company's wholesale banking
business.
The three roles report directly to Chairman & CEO
Bill Rogers.
"This evolution of our management team speaks to the
client-centric, performance-driven company we are building," said
Rogers. "Beau, Dontá and Kristin are talented leaders who bring
tremendous depth of experience to these key roles. As COO, Beau
will provide oversight of newly centralized enterprise functions
and drive Truist's broader transformation efforts. Dontá's track
record of results demonstrates that he is uniquely suited for his
new role. Kristin is the right choice to take our wholesale banking
business to the next level. Our updated leadership structure will
streamline decision-making, deliver superior client experience,
drive accelerated performance and actualize our purpose to inspire
and build better lives and communities."
Truist introduced a number of other organizational changes
today, including that Brian Dowhower
will lead Truist Wealth. Dowhower succeeds Joe Thompson who will assume the role of chief
governance & controls officer. In addition, as part of its
ongoing transformation work, the company announced the evolution of
its executive leadership team. A new Truist Operating Council will
be formed to expand leadership opportunities, ensure inclusive
feedback, and break down silos to enable the company to more
effectively pursue its goals. To learn more about the members of
the Truist Operating Council, visit
https://media.truist.com/operating-council.
About Truist
Truist Financial Corporation (NYSE: TFC)
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 $543 billion as of September 30, 2023. Truist Bank, Member FDIC.
Learn more at Truist.com.
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SOURCE Truist Financial Corporation