Truist names Steve Hagerman chief information officer

Rhea-AI Summary

Truist Financial (NYSE: TFC) has announced the appointment of Steve Hagerman as its new chief information officer, effective Oct. 28, 2024. Hagerman, who will be based at Truist headquarters in Charlotte, will lead the enterprise technology team and shape the bank's technology strategy. His responsibilities will include overseeing key areas such as data and analytics, AI, information security, and technology transformation.

Hagerman brings over 25 years of experience in the financial services industry, most recently serving as CIO for consumer technology, chief technology officer, and head of consumer lending technology at Wells Fargo. He has also held senior leadership positions at JPMorgan Chase and served in the United States Marine Corps. Truist Chairman & CEO Bill Rogers expressed confidence in Hagerman's ability to drive growth and performance through technology innovation.

Positive

• Appointment of an experienced CIO with over 25 years in financial services
• Focus on key technological areas including AI, data analytics, and information security
• Potential for improved technology capabilities to drive growth and performance

Negative

• None.

CHARLOTTE, N.C., Aug. 8, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Steve Hagerman will be its new chief information officer. Hagerman will join Truist on Oct. 28, reporting to Chairman & CEO Bill Rogers. Based at Truist headquarters in Charlotte, Hagerman will lead the enterprise technology team, shaping and executing a strategic vision for the bank's technology future, including key areas like data and analytics, AI, information security, technology transformation, and more.    

"I'm delighted to welcome Steve Hagerman to Truist as chief information officer," said Truist Chairman & CEO Bill Rogers. "Steve has deep experience serving clients, inspiring teams, and driving business results through technology innovation and modernization. His purposeful leadership, broad expertise and focus on client experience aligns with our strategy and our culture. He is the ideal leader to enhance and leverage our technology capabilities to drive growth and performance."

Hagerman has more than 25 years of experience, primarily in the financial services industry. Most recently, he served as CIO for consumer technology, chief technology officer, and head of consumer lending technology at Wells Fargo. Previously, he held senior leadership positions at JPMorgan Chase and served in the United States Marine Corps. He is a graduate of Franklin University and the Wharton Executive Education Program. 

"I'm thrilled to join a company that is built on purpose-driven performance," Hagerman said. "Truist's commitment to caring for clients and inspiring communities is a differentiator in the industry. I'm looking forward to working with the enterprise technology team to deliver capabilities that empower the business and deliver premiere service to clients."

About Truist 
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading U.S. commercial bank, Truist has leading market share in many of the high-growth markets across the country. Truist offers a wide range of products and services through our wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $520 billion as of June 30, 2024. Truist Bank, Member FDIC. Learn more at Truist.com.

 

 

View original content:https://www.prnewswire.com/news-releases/truist-names-steve-hagerman-chief-information-officer-302217681.html

SOURCE Truist Financial Corporation

FAQ

Who is the new chief information officer of Truist Financial (NYSE: TFC)?

Steve Hagerman has been appointed as the new chief information officer of Truist Financial (NYSE: TFC), effective October 28, 2024.

What are Steve Hagerman's main responsibilities as CIO at Truist (NYSE: TFC)?

As CIO, Steve Hagerman will lead the enterprise technology team, shaping and executing a strategic vision for Truist's technology future, including key areas like data and analytics, AI, information security, and technology transformation.

What is Steve Hagerman's professional background before joining Truist (NYSE: TFC)?

Steve Hagerman has over 25 years of experience in the financial services industry, most recently serving as CIO for consumer technology, chief technology officer, and head of consumer lending technology at Wells Fargo. He has also held senior leadership positions at JPMorgan Chase and served in the United States Marine Corps.

When will Steve Hagerman start his role as CIO at Truist Financial (NYSE: TFC)?

Steve Hagerman will join Truist Financial (NYSE: TFC) as chief information officer on October 28, 2024.