Professional Summary

Professional Overview

Derek Tyus is the Executive Vice President and Chief Financial Officer at Versiti Inc., a leading provider of blood services and transfusion medicine. With over 15 years of experience in the financial services and insurance industries, Tyus is a seasoned executive known for his strategic vision, financial expertise, and innovative leadership.

Experience Summary

Current Role

As the Executive Vice President and Chief Financial Officer at Versiti, Tyus oversees the organization's financial operations, including budgeting, forecasting, and risk management. He is responsible for developing and implementing efficient financial strategies that support Versiti's mission of improving patient outcomes and advancing medical research. Under Tyus's leadership, Versiti has achieved significant cost savings and operational efficiencies, contributing to the organization's financial stability and growth.

Career Progression

Prior to joining Versiti, Tyus served as the Senior Vice President and Chief Investment Officer at West Bend Mutual Insurance, where he managed a $2.5 billion investment portfolio and drove the company's asset allocation and risk management strategies. Before that, he held the role of Vice President and Chief Investment Officer at West Bend Mutual Insurance, where he was instrumental in modernizing the company's investment processes and diversifying its portfolio.

Tyus began his career at Northwestern Mutual Wealth Management Company, where he held the position of Director and gained valuable experience in portfolio management and client advisory services.

Academic Background

Tyus holds a Master of Business Administration from the University of Wisconsin-Milwaukee and a Bachelor of Science in Finance from Marquette University. He is a Chartered Financial Analyst (CFA) and has been recognized for his academic achievements, including being named to the Dean's List during his time at Marquette University.

Areas of Expertise

Tyus's areas of expertise include financial strategy, capital markets, risk management, and investment portfolio optimization. He is skilled in leading cross-functional teams, driving operational efficiency, and leveraging data-driven insights to inform strategic decision-making.

Professional Impact

In addition to his executive responsibilities at Versiti, Tyus serves on the Board of Trustees at Marquette University and the Board of Directors at Waterstone Financial, Inc. (NASDAQ: WSBF). His industry expertise and leadership have been instrumental in guiding these organizations and contributing to their long-term success.

Conclusion

With a proven track record of financial leadership and a deep understanding of the healthcare and financial services industries, Derek Tyus is poised to continue driving Versiti's growth and strategic initiatives as the organization's Executive Vice President and Chief Financial Officer. His commitment to excellence, innovative mindset, and collaborative approach make him a valuable asset to the companies and communities he serves.