Fiserv said in a Monday press release that Lyons stepped down as CEO and member of the board of directors to become CEO of Truist. The company appointed Takis Georgakopoulos, a member of its executive team, as CEO and as a member of the board of directors, effective immediately.

Truist said in a Monday press release that Lyons will become its next president and CEO effective Sept. 1. He will succeed Bill Rogers, who will become executive chair on Sept. 1 and will serve in that role until his planned retirement in April 2027.

Lyons joined Fiserv as CEO in May 2025 when the company’s previous CEO, Frank Bisignano, was approved by the U.S. Senate to lead the Social Security Administration.

Lyons joined the company from the PNC Financial Services Group, where he served as president, PYMNTS reported at the time.

In Fiserv’s Monday press release, Lyons said: “I’m proud of what the team has accomplished over the past year. I have great confidence in the company’s strong platform, talented leadership team and dedicated associates, and look forward to partnering with Fiserv as a client in the years ahead.”

Georgakopoulos joined Fiserv in late 2024 and most recently served as the company’s co-president leading Technology and Merchant Solutions, according to the release.

Before joining Fiserv, Georgakopoulos served as global head of payments for JPMorgan’s Corporate and Investment Bank.

Fiserv Board of Directors Chairman Gordon Nixon said in the release that Georgakopoulos has driven progress in modernizing Fiserv’s merchant platform and embedding AI across the company’s infrastructure.

“He is the right leader to guide Fiserv in an industry being reshaped by rapid advances in technology, innovation, AI and cybersecurity,” Nixon added.

In the press release, Fiserv also reaffirmed the outlook for the full year 2026 that it provided on May 5. The outlook calls for organic revenue growth of 1% to 3% and adjusted earnings per share of $8 to $8.30 for 2026.

Truist said in its press release that Lyons brings to the bank more than 30 years of industry leadership spanning all sectors of financial services.

“Through our succession planning process, it became clear that Mike is an action-oriented leader committed to high performance across the full range of our company operations and the right person to lead Truist’s next chapter of growth,” Truist Lead Independent Director Thomas E. Skains said in the release. “We are incredibly grateful for Bill’s purpose-driven leadership as Truist’s chief executive officer, and we look forward to his impactful contributions as executive chair.”