Well now a future CEO is on the board right?
Truist Financial Corporation (NYSE: TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors. Stein will join the 12 directors who were re-elected by shareholders for the coming year.
Stein recently retired from Goldman Sachs after serving 27 years in senior leadership positions across multiple lines of business. Throughout his extensive tenure at Goldman Sachs, Stein developed skills in a broad range of businesses and functions within a large, complex financial services firm, including asset and wealth management, securities, investment banking, finance, operations, technology, and risk. His most recent position at Goldman Sachs was executive vice president and chief operating officer, asset and wealth management, where he was a member of the firm's management committee.
"I'm excited about the opportunity to join such a purpose-driven organization with well-respected, talented leaders and an unwavering focus on performance, growth and long-term shareholder value," Stein said.
"We're pleased to welcome Laurence Stein to Truist," said Truist Chairman and CEO Bill Rogers. "With his proven track record of increasing efficiency, streamlining operations and driving growth, our board and company will benefit from his perspective, experience and guidance."