Truist shakes up C-suite, names Fiserv’s Lyons as CEO
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
Succession planning
JPMorgan posts record profit; succession plan undetermined
The $4 trillion-asset bank posted its highest-ever annual profit but also said its CEO succession plan is still in the works.
JPMorgan’s first female COO doesn’t want Dimon’s job
The largest U.S. bank by assets has elevated Jennifer Piepszak to chief operating officer, in preparation for Daniel Pinto's retirement in 2026. But Piepszak is not interested in being CEO, the company said.
Why a serial acquirer in Texas agreed to get acquired
SouthState Corp. plans to purchase Independent Bank Group in a $2 billion deal, marking an end to the latter bank's long run of buying companies. Chairman and CEO David Brooks pointed to a challenging interest rate environment and heightened regulatory scrutiny as reasons he decided to sell.
Western Alliance completes management shuffle with hire of credit chief
The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
Diane Morais to exit Ally amid transition to new CEO
Morais, who leads the auto lender's consumer and commercial banking divisions, is preparing to leave as Ally Financial conducts a search for its next chief executive officer. She had been seen as a potential candidate to replace outgoing CEO Jeffrey Brown.
‘Just tired’: Why so many bank, credit union CEOs are calling it quits
Business and regulatory pressures were already weighing on aging executives before the onset of the pandemic led many to delay retirement plans. Now as the crisis eases, an increasing number are finally stepping down.
Citi picks Fraser to be next CEO as Corbat to retire in February
Jane Fraser, a longtime Citigroup executive, will be the first female CEO of a major Wall Street bank. She succeeds Michael Corbat, who had held the post for eight years.
Santander Bank names longtime MUFG Union executive its CEO
The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.
Toyota finance arm lines up next CEO
Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month.
