CHARLOTTE, N.C., Dec. 13,
2023 /PRNewswire/ -- Truist Financial Corporation
(NYSE: TFC) today announced that Scott A.
Stengel will join the company on December 26, 2023, as senior executive vice
president and chief legal officer, succeeding Ellen M. Fitzsimmons who previously announced
her plans to retire at the end of this year following a
distinguished career. Stengel will report to Truist Chairman and
CEO Bill Rogers, serve as corporate
secretary to the Truist Board of Directors and become a member of
the bank's operating council. He'll be based in Charlotte, at the Truist corporate
headquarters, where he'll oversee all legal affairs and government
relations.
"We're pleased to welcome Scott
Stengel to Truist to guide our legal affairs and government
relations strategy at a critical time of rapid change in the
industry," said Rogers. "Scott is an entrepreneurial leader with
deep financial services legal experience spanning corporate
governance, compliance, digital innovation, cybersecurity,
government relations and risk management, and he possesses the
right growth-oriented mindset to navigate industry headwinds while
helping fulfill our purpose of inspiring and building better lives
and communities."
Stengel previously served as general counsel of Ally Financial
since 2016, where he was responsible for the legal affairs,
corporate secretary and government relations functions. Prior to
that, he served as general counsel for UMB Financial Corporation,
and as a partner at King & Spalding LLP and Orrick, Herrington
& Sutcliffe LLP in Washington,
D.C., with practices focused on global banking, capital
markets and government relations.
He received a bachelor's degree in economics, with highest
honors, from the University of Notre
Dame and a juris doctorate, graduating magna cum laude, from
the Notre Dame Law School. Stengel is a member of the advisory
board of the U.S. Chamber Litigation Center and a member of the
Leadership Council on Legal Diversity.
"In her six years at Truist, Ellen
Fitzsimmons' exceptional, purpose-driven actions and
leadership have left a positive, indelible mark on Truist, our
clients, teammates, communities and stakeholders," Rogers said. "We
wish her the very best in her well-deserved retirement and
congratulate her on a storied career."
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 $543 billion as of September 30,
2023. Truist Bank, Member FDIC. Learn more at Truist.com.
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SOURCE Truist Financial Corporation