Truist Financial Corporation (NYSE: TFC) announced what it said is continued
progress in the company's transformation journey with the creation of a chief operating officer position, the naming of a new chief consumer and 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 the 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 was 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 and 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 and CEO Bill Rogers.
Truist announced a number of other organizational changes, including that Brian Dowhower will lead Truist Wealth. Dowhower succeeds Joe Thompson who will assume the role of chief governance and 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.