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Truist Financial logoTruist Financial TFC

Truist said on Tuesday, November 13, 2024, that it appointed Brad Bender, who previously served as head of enterprise operational services and interim chief information officer, as chief risk officer.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Truist said on Tuesday, November 13, 2024, that it appointed Brad Bender, who previously served as head of enterprise operational services and interim chief information officer, as chief risk officer.

  2. The company said Clarke R. Starnes III is retiring as chief risk officer and vice chair and will serve as senior advisor in a transitional role through April 30, 2025. He will continue to receive his current base salary and remain eligible for his annual cash incentive award for 2024.

  3. The company said Bender will oversee credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions, and will report to Chairman and CEO Bill Rogers. Bender has 20 years of service and takes the role effective immediately.

  4. The company said Starnes worked at the company for 42 years, joined through its Leadership Development Program in 1982, and was named chief risk officer in 2019 and vice chair in 2022.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Brad Bender Named Chief Risk Officer

Truist said on Tuesday, November 13, 2024, that it appointed Brad Bender, who previously served as head of enterprise operational services and interim chief information officer, as chief risk officer.

Source · Based on the filing body and exhibits

Clarke R. Starnes III Retirement and Senior Advisor Role

The company said Clarke R. Starnes III is retiring as chief risk officer and vice chair and will serve as senior advisor in a transitional role through April 30, 2025. He will continue to receive his current base salary and remain eligible for his annual cash incentive award for 2024.

Source · Based on the filing body and exhibits

Bender's Responsibilities and Background

The company said Bender will oversee credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions, and will report to Chairman and CEO Bill Rogers. Bender has 20 years of service and takes the role effective immediately.

Source · Based on the filing body and exhibits

Starnes' 42-Year Career and Role History

The company said Starnes worked at the company for 42 years, joined through its Leadership Development Program in 1982, and was named chief risk officer in 2019 and vice chair in 2022.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.