Truist Financial Corporation announced that as part of a planned transition, William H. “Bill” Rogers Jr., Truist’s Chief Executive Officer, will become Chairman of the board and Thomas E. Skains will become Lead Independent Director. Both appointments are effective March 12. Rogers succeeds Kelly S. King, who will be stepping down from the role of Chairman. Skains succeeds David M. Ratcliffe. Both King and Ratcliffe will remain on the board.

Rogers has served as CEO of Truist since September 2021, when he transitioned from the role of President and Chief Operating Officer. From 2012 to 2019, until the close of the merger of equals forming Truist, Rogers served as Chairman and CEO of SunTrust Banks, Inc.

Skains is the retired CEO of Piedmont Natural Gas Company Inc. and has been a valued member of the board since June 2009. He also is a member of the boards of directors of Duke Energy Corporation and National Fuel Gas Company.

Headquartered in Charlotte, NC, Truist is a top 10 U.S. commercial bank with total assets of $541 billion as of Dec. 31, 2021.