As technology rises in importance, Wells Fargo and Deutsche Bank re-engineer its management
Wells Fargo CIO Kevin Rhein is retiring and the bank is distributing his responsibilities among several of its senior executives. With Rhein’s retirement, the three main divisions of the Technology and Operations Group (TOG) which he has managed, will move under the responsibility of other members of the company’s Operating Committee:
Enterprise Information Technology, led by Scott Dillon, will report to CFO John Shrewsberry, enhancing the coordination of Wells Fargo’s strategic initiatives. Dillon will serve as the company’s new Chief Technology Officer; Enterprise Data and Analytics, led by Chief Data Officer A. Charles Thomas, will report to Chief Administrative Officer Hope Hardison; TOG Operations, led by Jerry Enos, will report to Senior EVP Avid Modjtabai who leads the company’s Consumer Lending Group and a company-wide initiative to streamline and simplify operations across business lines.
Deutsche Bank has appointed a new CIO as it is going through the process of re-designing its IT infrastructure. Pascal Boillat, who is currently head of operations and technology at Fannie Mae will take in February the newly-created role of CIO and Head of Operations, Corporate & Investment Banking at Deutsche Bank. Boillat, who also worked before at Citigroup, will report to Kim Hammonds, who is the bank’s new Chief Operating Officer and CIO.
Hammonds told Straight Talk Featured Blogger Peter High: “[The dual IT and operations role provides] greater opportunities to leverage technology insights, leading to a greater focus on embedding innovation throughout processes in both IT and Operations to accomplish specific business goals, such as reducing time to make payments to customers or improving our trade execution speed. The dual CIO responsibility is going to become more prevalent in the coming years as there is a greater requirement for CIOs to have a business aptitude.”
In other recent appointments and career moves:
Chinese auto startup NextEV Inc has appointed Padmasree Warrior as its U.S. chief executive officer and head of software development. Warrior has served until September 2015 as chief technology and strategy officer at Cisco Systems Inc., and before that had worked for 23 years at Motorola, most recently as CTO.
J. C. Penney has appointed Therace Risch as executive vice president and CIO. Risch joined JCPenney from COUNTRY Financial, where she also was EVP and CIO. Risch is the department store chain’s fifth technology leader since 2011.
Dish Network Corp. has promoted Rob Dravenstott to the position of senior vice president and CIO, replacing John Swieringa, who was promoted to executive vice president of operations at the company. Dravenstott previously served as the Dish Network’s vice president of IT application development.
Nasdaq Inc. has appointed Singapore Exchange’s CIO Bob Caisleyas senior vice president of market-technology systems, reporting to CIO Brad Peterson. Nasdaq generates about a quarter of its sales through selling market technology to other exchanges and financial firms.
Barnes & Noble Inc. has appointed William Wood as CIO, reporting to CEO Ron Boire. In July, Barnes & Noble hired Toys “R” Us Inc.’s chief digital officer, Frederic Argir, to be CDO and run the company’s e-commerce and Nook businesses. Wood has replaced Chris Troia, who has retired after serving as Barnes & Noble’s CIO since 2004.
The Federal Trade Commission (FTC) has appointed Lorrie Cranor, a leading Internet privacy and security expert, as its new Chief Technologist, amid a growing concern for consumer protections with the emergence of the Internet of Things. Cranor is Professor of Computer Science and Engineering and Public Policy at Carnegie Mellon University and the director of the Carnegie Mellon CyLab Usable Privacy and Security Laboratory. She is also a member of the board of directors of the online privacy advocacy group Electronic Frontier Foundation.
Raytheon has promoted Kevin Neifert to the position of CIO, reporting to Rebecca Rhoads, president of Raytheon’s Global Business Services and the former CIO. Neifert most recently served as CIO of Raytheon's Integrated Defense Systems.
Cybersecurity firm Palo Alto Networks has appointed Naveen Zutshi as its new CIO, reporting to Chief Financial Officer Steffan Tomlinson. Previously, Zutshi served as senior vice president of technology at retailer Gap Inc. and has worked at Encover, a SaaS CRM company, Cisco and Walmart.
Farmers Insurance has appointed Ron Guerrier as its new CIO, reporting to David Travers, chief operating officer. Guerrier has joined Farmers from Toyota Financial Services (TFS) where he spent nearly 20 years, most recently as vice president and CIO.
Trucking company J.B. Hunt Transport Services Inc. has appointed Stuart Scott as its new CIO, reporting to President and CEO John Roberts. Scott, who is currently CIO at mattress maker Tempur Sealy International, will be replacing Kay Lewis, who is set to retire after 27 years with the company.
Platform Specialty Products Corp. has appointed Stuart Kippelman as CIO.
Synagro Technologies has appointed David Hilmer as CIO. Chief Information Officer.
HealthNow New York has appointed Gary J. Kerl as CIO. Chief Information Officer.
UK-based Bechtel LTD has promoted Jon Forsyth to the position of CIO.
London, England-based News UK has appointed Christina Scott as CTO.
UK-based B2 Business Systems has appointed Dave Catherall as CIO.
HCA Capital Division has appointed Gina Ragans as CIO.
Electronics for Imaging has appointed Sheri Rhodes as CIO.
Godiva Belgium has promoted Hans De Brouwer to the position of Director, Information Technology.