Truist announces retirement of Christopher L. Henson

Rhea-AI Summary

Truist (NYSE:TFC) announced the retirement of Chris Henson, head of banking and insurance, effective September 30, 2021, after over 36 years with the company. Henson's leadership has been pivotal in shaping Truist's direction and success, especially following the merger of BB&T and SunTrust. His roles have included President of BB&T and Chief Operating Officer since 2009. Truist, headquartered in Charlotte, N.C., is a top 10 U.S. commercial bank with total assets of $522 billion as of June 30, 2021.

Positive

• Henson's retirement marks a transition but not a crisis; his legacy includes significant contributions to the company's success.
• Truist maintains a strong market position with $522 billion in assets, indicating financial stability.

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• None.

CHARLOTTE, N.C., Aug. 17, 2021 /PRNewswire/ -- Truist (NYSE:TFC) today announced that Chris Henson, head of banking and insurance and a member of the executive leadership team, has announced his intent to retire effective Sept. 30, 2021, after more than 36 years of dedicated service.

"As I reflect on my time at Truist and in the financial services industry, I'm so grateful to have been given the opportunity to work with incredibly talented and dedicated teams who make the lives of clients and communities better daily," Henson said.

"Since joining our company in 1985, Chris has been instrumental in building and shaping Truist," said Truist Chairman and Chief Executive Officer Kelly S. King. "Through his humble, unassuming style of leadership, Chris' wisdom and insights have been invaluable to help guide our company through decades of momentous change and success."

"Chris has been at the heart of Truist's efforts to inspire and build better lives and communities," said Truist President and Chief Executive Officer William H. Rogers Jr. "We all will truly miss him and wish him and his family the very best in his well-deserved retirement."

Before his current role, Henson had served as president of Truist predecessor BB&T Corporation and BB&T (bank subsidiary) since 2016. In 2009, Henson was named chief operating officer, after serving as chief financial officer since 2005. He joined BB&T's executive management team and was named assistant chief financial officer in 2004.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $522 billion as of June 30, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

What is the retirement date for Chris Henson at Truist?

Chris Henson's retirement from Truist is effective September 30, 2021.

How long did Chris Henson serve at Truist?

Chris Henson served at Truist for over 36 years.

What roles did Chris Henson hold during his time at Truist?

During his tenure, Henson held various roles, including head of banking and insurance, president of BB&T, and chief operating officer.

What is the financial position of Truist as of June 30, 2021?

As of June 30, 2021, Truist reported total assets of $522 billion.