Corporate
-
Citi leans on tech modernization to fix data quality management failings
Days after federal regulators hit the bank with more than $130 million in fines, CEO Jane Fraser said Citi's transformation efforts addressed "decades of underinvestment."
By Matt Ashare • July 12, 2024 -
Macy’s hires new CIO from within
Next month Keith Credendino will take over the retailer's mission to simplify and modernize its technology stack.
By Daphne Howland • July 11, 2024 -
Tech workplaces haven’t caught up to new work patterns, research shows
Return-to-office policies don’t appear to increase office utilization as much as previously thought.
By Carolyn Crist • June 24, 2024 -
Citi’s new tech chief takes the helm
Tim Ryan will lead Citi's ongoing efforts to transform its technology operations, a goal the bank poured $12 billion into last year.
By Matt Ashare • June 10, 2024 -
AWS CEO steps down, sales chief to take over
After a three-year stint helming the cloud titan, Adam Selipsky is passing the baton to AWS veteran Matt Garman.
By Lindsey Wilkinson • May 14, 2024 -
Mattel tech chief departs company after 7 years
Sven Gerjets joined as EVP and CTO in 2017. He was responsible for technology innovation and implementation at the toy company.
By Lindsey Wilkinson • Updated May 10, 2024 -
Truist CIO, chief audit officer leave bank
The bank, meanwhile, has added new leaders in its payments business and logged $70 million in restructuring charges in the first quarter, CEO Bill Rogers said Monday.
By Caitlin Mullen • April 22, 2024 -
Four Seasons taps former MGM CTO as tech chief
Sudhakar Veluru, who joined the hotel chain Monday, has nearly two decades of hospitality and tech experience.
By Lindsey Wilkinson • March 26, 2024 -
Sponsored by Per Scholas
Unlocking tech innovation through DEI: Insights from TEKsystems and Per Scholas
Stronger DEI in the workforce means companies must focus on employees, innovation and competition.
March 11, 2024 -
P&G CIO to retire, PepsiCo exec to take over
Seth Cohen, global CIO at PepsiCo, will join Procter & Gamble’s team in April.
By Lindsey Wilkinson • March 6, 2024 -
Wendy’s promotes CTO to CIO role
As CTO, Matt Spessard led the rollout of Google Vertex AI chatbot capabilities into the drive-thru experience. As CIO, he’ll expand the pilot program.
By Matt Ashare • Feb. 27, 2024 -
From CIO to CEO: How Gary Hoberman made the leap to startup land
The Unqork founder spent two decades grappling with technical debt. Then, he left corporate life and set out to untangle legacy code.
By Matt Ashare • Feb. 15, 2024 -
Sponsored by Per Scholas
How to build sustainable, diverse tech talent pipelines
Create a diverse pipeline of tech talent through training partnerships.
Jan. 22, 2024 -
Citi poured $12B into tech last year, retired nearly 400 legacy apps
While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.
By Matt Ashare • Jan. 16, 2024 -
OpenAI to bring Altman back, revamp board
The return of leadership members is likely to bring a sigh of relief to existing customers, according to Info-Tech Research Group’s Scott Bickley.
By Lindsey Wilkinson • Nov. 22, 2023 -
Citi reshuffles tech leadership amid right-sizing push
The financial services company elevated Jonathan Lofthouse to co-CIO following the departure of Stuart Riley, who held the position for 3 months.
By Matt Ashare • Nov. 20, 2023 -
OpenAI CEO out, CTO steps in as interim chief
Sam Altman left the company after the board completed a deliberative review process, which found Altman wasn’t “consistently candid” with the board.
By Lindsey Wilkinson • Updated Nov. 20, 2023 -
Global Payments to elevate CIO from within
The fintech company tapped Shannon Johnston, deputy CIO and chief digital offficer, to assume the role on Jan. 1, when Guido Sacchi retires after nearly 13 years as CIO
By Matt Ashare • Nov. 9, 2023 -
Bank of America to spend $3.8B on innovation next year
North American banks hold a global edge in AI investments, according to industry research firm Evident.
By Matt Ashare • Oct. 19, 2023 -
Citi pumps another $3B into tech modernization
“At the end of the work, we will have a simpler firm that can operate faster, better serve our clients and unlock value for our shareholders,” CEO Jane Fraser said Friday.
By Matt Ashare • Oct. 16, 2023 -
Atlassian to buy Loom for $975M in latest tool integration play
The collaboration software provider plans to embed the tech across its tool suite post-acquisition, but Loom will remain available as a separate product.
By Lindsey Wilkinson • Oct. 12, 2023 -
Tyson CTO departs, CIO takes over
Amid a year of executive reshuffling, the food industry giant ended a collaborative tech leadership structure initiated in February.
By Lindsey Wilkinson • Sept. 12, 2023 -
California to set guidelines for public sector generative AI
The state, which joins a growing number of governing bodies scrutinizing generative AI, will issue public sector usage guidelines by January.
By Lindsey Wilkinson • Sept. 8, 2023 -
Salesforce banks on price hike, generative AI to spur revenue growth
In the words of the CRM giant's CEO Marc Benioff, “that's the AI revolution coming at you, baby, so get ready.”
By Matt Ashare • Aug. 31, 2023 -
GM to close IT innovation center in Arizona, cut staff
The closure will impact more than 900 General Motors employees as the company works to align its footprint and IT resources in the U.S.
By Lindsey Wilkinson • Aug. 28, 2023