Truist Financial Corporation announced 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.