internal
William H. Rogers, Jr.
Chairman and Chief Executive Officer
Executive
4 yr
30 reports
Truist Financial Corporation ·TFC
Three major banking divisions report directly to the CEO
Financials · Fortune #168 · Divisional structure · 38K employees · Charlotte, NC
View as of:
5
CEO span
↓ tighter than peers (avg 10)
3.4
Avg span
moderate
3
Max depth
3 levels
2.4 yr
Avg tenure
stable vs FY2024
60%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Net income
$5.3B
Total assets
$547.5B
Shares out
1.25B
Sourced from Truist Financial Corporation DEF 14A · filed 2026-03-16 ↗ View on SEC
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Truist Financial Corporation organizational chart
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Three major banking divisions report directly to the CEO, underscoring Truist’s divisional banking model. This page maps Truist’s executive structure, leadership teams, recent changes, and peer comparisons based on 2026 disclosures.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Hugh S. Cummins III departed as Vice Chair and Chief Operating Officer
Resigned for Good Reason effective January 13, 2025.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to coordinate AI governance and analytics across divisions.
- Reintroduce COO Role Add a Chief Operating Officer to consolidate execution across Wholesale and Consumer banking.
Atlas work this supports
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The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Kristin Lesher
Senior Executive Vice President and Chief Wholesale Banking Officer
Wholesale Banking
2 yr
8 reports
internal
Dont L. Wilson
Senior Executive Vice President and Chief Consumer and Small Business Banking Officer
Consumer & Small Business Banking
3 yr
8 reports
internal
Michael B. Maguire
Senior Executive Vice President and Chief Financial Officer
Finance
4 yr
10 reports
internal
Bradley D. Bender
Senior Executive Vice President and Chief Risk Officer
Risk
1 yr
6 reports
Scott A. Stengel
Senior Executive Vice President, Chief Legal Officer, Head of Government Affairs, and Corporate Secretary
Legal
2 yr
4 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
William H. Rogers, Jr. $14.3M
- Base salary
- $1.20M
- Bonus
- $7.28M
- Stock awards
- $4.09M
- Non-equity incentive
- $1.28M
- Pension change
- $462K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
5×Director cash retainer
Directors must hold stock equal to 5x annual cash retainer.
The businesses
How Truist Financial Corporation divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Wholesale Banking
9K employees
Chief Wholesale Banking Officer (Kristin Lesher)
Provides commercial, corporate, and investment banking services to mid-sized and large clients.
Consumer & Small Business Banking
15K employees
Chief Consumer and Small Business Banking Officer (Dont L. Wilson)
Manages retail banking, consumer lending, and small business services.
Risk Management
3K employees
Chief Risk Officer (Bradley D. Bender)
Oversees enterprise risk, credit risk, and regulatory compliance.
The thesis
Why this org is unusual
Three major banking divisions—Wholesale Banking, Consumer & Small Business Banking, and Risk—report directly to the CEO, highlighting Truist’s divisional operating model.
The CEO’s span of control includes functional leaders like Finance and Legal alongside revenue-generating divisions. This structure reflects Truist’s post-merger emphasis on clear P&L ownership across banking segments.
The Wholesale and Consumer divisions each have multiple sub-heads, reinforcing autonomy at the segment level while centralizing risk and finance oversight. Compared with peers, Truist maintains a relatively balanced CEO span without a standalone COO role, relying instead on strong divisional leadership.
- No standalone COO role
- Wholesale and Consumer banking heads are direct CEO reports
The comparison
How Truist Financial Corporation stacks up
Large U.S. regional banks typically combine divisional banking heads with strong central risk and finance functions. Truist’s structure is comparable to peers like PNC and U.S. Bancorp, though Truist’s CEO span is slightly broader due to the absence of a COO. Unlike JPMorgan Chase, Truist does not add multiple …
C-suite size
Reporting depth
Truist Financial Corporation
3 levels
4 levels
4 levels
5 levels
5 levels
Avg C-suite tenure
Truist Financial Corporation
2 yr
6 yr
4 yr
7 yr
Has COO / Has CAIO
Truist Financial Corporation — no COO — no CAIO
Current signals
What changed recently
The most consequential change was the January 2025 departure of Vice Chair and COO Hugh Cummins, leaving Truist without a COO.
- departedHugh S. Cummins III Vice Chair and Chief Operating Officer
Resigned for Good Reason effective January 13, 2025.
Source - Date not confirmed new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-16
- CEO
- William H. Rogers, Jr.
- CEO span
- 5
- C-suite
- 6
- Avg tenure
- 2.4 yr
Post-merger leadership refresh with new Wholesale and Risk heads.
Named executive officers (5)
- William H. Rogers, Jr. - CEO since 2021
- Michael B. Maguire - CFO since 2022
- Kristin Lesher - Chief Wholesale Banking Officer since 2024
- Dont L. Wilson - Chief Consumer and Small Business Banking Officer since 2023
- Bradley D. Bender - Chief Risk Officer since 2024
FY2024
DEF 14A filed 2025-03-15
- CEO
- William H. Rogers, Jr.
- CEO span
- 6
- C-suite
- 7
- Avg tenure
- 3.1 yr
COO role still in place during most of 2024.
Named executive officers (1)
- William H. Rogers, Jr. - CEO since 2021
FY2023
DEF 14A filed 2024-03-15
- CEO
- William H. Rogers, Jr.
- CEO span
- 6
- C-suite
- 7
- Avg tenure
- 3.8 yr
Stabilization phase following SunTrust-BB&T merger.
Named executive officers (1)
- William H. Rogers, Jr. - CEO since 2021
Year-over-year changes
2025 saw the exit of the COO and appointment of a new CRO, reducing CEO span and average tenure.
- CEO span: 6 → 5
- C-suite size: 7 → 6
- Avg tenure: 3.1 → 2.4 yr
- departed Hugh S. Cummins III - Chief Operating Officer (was COO) (DEF 14A, 2026-03-16)
- new Bradley D. Bender - Chief Risk Officer (DEF 14A, 2026-03-16)
The board
Board of directors
2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.
William H. Rogers, Jr.
Chair Inside
Chairman and CEO, Truist Financial
Jennifer S. Banner
Independent
Consultant, University of Tennessee
Also on: Elme Communities
The board, organized
Board committees
1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent
- clement_dir Chair
- scanlan_dir
Frequently Asked Questions
Who is the CEO of Truist Financial?
William H. Rogers, Jr. has served as Chairman and CEO since September 2021.
What type of organizational structure does Truist Financial use?
Truist uses a divisional structure organized around major banking segments with centralized risk and finance.
How many direct reports does Truist Financial's CEO have?
The CEO has five direct executive reports.
How has Truist Financial's leadership changed recently?
The most notable change was the January 2025 departure of COO Hugh Cummins, with no replacement appointed.
Does Truist Financial have a COO?
No. Following Hugh Cummins’ departure in January 2025, Truist does not have a standalone COO role.
Sources
- DEF 14A, Mar 2026
- Company disclosure, 2024
- SEC EDGAR: Truist Financial Corporation DEF 14A Proxy Statement
- SEC EDGAR: Truist Financial Corporation 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Truist Financial Corporation organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/truist-financial/MLA 9th
"Truist Financial Corporation Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/truist-financial/. Accessed .Chicago 17
Creately. "Truist Financial Corporation Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/truist-financial/.Original SEC source View on SEC ↗
Truist Financial Corporation. DEF 14A. Filed 2026-03-16. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/92230/000119312526107144/d12240ddef14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/truist-financial/ · last updated 2026-04-01