SunTrust Banks Inc. on Friday said chief executive James M. Wells 3rd has relinquished his post as president as part of a broad reorganization in the Atlanta company's executive suite.

SunTrust said that William H. Rogers Jr., 51, was named president; Mr. Wells, 62, remains chairman and chief executive. All the changes at the $174.8 billion-asset company took effect Friday, SunTrust said. Mr. Rogers was previously a corporate executive vice president in the company's wholesale, mortgage, wealth, and investment management businesses.

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