Management ChangeJun 8, 2026, 04:22 PM
Truist Appoints Catherine Bessant to Board of Directors
AI Summary
Truist Financial Corporation announced the appointment of Catherine P. Bessant as a new director to its Board, effective June 5, 2026. Ms. Bessant will also join the Board of Directors of Truist Bank and serve on the Joint Risk Committee. She brings extensive experience from her previous roles as CEO of Foundation For The Carolinas and various senior leadership positions at Bank of America, including vice chair, global strategy, and chief operations and technology officer. Her appointment is expected to contribute to the company's strategic direction and purpose.
Key Highlights
- Catherine P. Bessant appointed as a director to Truist Financial Corporation's Board, effective June 5, 2026.
- Ms. Bessant will also serve on the Board of Directors of Truist Bank.
- She will join the Joint Risk Committee of the Boards.
- Her compensation includes an annual cash retainer of $110,000.
- She will receive an annual grant of restricted stock units valued at $200,000.
- Ms. Bessant previously served as CEO of Foundation For The Carolinas.
- She retired as vice chair, global strategy, and chief operations and technology officer at Bank of America.
Price Impact
More from TFC