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SunTrust Banks Chief To Exit

SunTrust Banks CEO, James Wells, will step down from his role.

SunTrust Banks CEO, James Wells, will step down from his role, Reuters reports. COO William Rogers will replace Wells, who will exit by June 1, and retire from the company at year’s end.

Rogers was appointed as SunTrust’s president in 2008 and COO in 2010. The departure comes as the Atlanta-based bank has paid back $5 billion in U.S. government bailout aid and returned to profitability.

Click here for the story from Reuters.

Click here for the additional coverage from Market Watch.

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