Friday, May 20, 2022

Truist CFO Daryl Bible to retire

Truist Financial in Charlotte, N.C., is looking for its next chief financial officer. 

The $544 billion-asset company said in a press release Friday that Daryl Bible will retire as its CFO. He will remain at Truist until they hire his successor. 

“Daryl has played an instrumental role in the success of our merger of equals—one of the largest financial services mergers in recent history,” Bill Rogers, Truist’s chairman and CEO, said in the release. 

“His leadership, commitment and expertise have greatly contributed to our success and purpose, and we all thank Daryl for his many years of service to Truist teammates, clients and communities,” Rogers added.

Bible joined Truist predecessor BB&T in January 2008 from U.S. Bancorp. He became CFO nine months later. 

"I’ve had the privilege of working alongside the best finance team in the business and in helping build Truist as we know it today,” Bible said in a LinkedIn post. 

“I’m honored to have served as the [CFO] through many phases of our journey, from the Great Recession to a global pandemic, and most recently during one of the largest financial institution mergers of our time," Bible added.

Bible will provide consulting services to Truist for a year after he retires. He will be paid $125,000 a month, along with nearly $2.8 million when the consulting contract ends.

Bible is the third high-profile BB&T executive to announce plans to retire. 

Chairman and CEO Kelly King stepped down from those roles in recent months, while Chris Henson, BB&T's president and chief operating officer, has also retired. 

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