Cliff Skelton has joined Fiserv Inc. as its executive vice president and chief information officer.
Skelton most recently served as the chief technology and operations officer at Ally Financial Corp.
In his new role, Skelton will be responsible for global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of Fiserv’s technology platforms, announced the company today.
At Ally, he directed all technology strategy and operations for the company since 2007 as well as had operations responsibility for procurement, supplier management, facilities, privacy and information security.
Skelton replaces Maryann Goebel, who will serve as an advisor to Fiserv until her retirement on July 1, 2012.
Cliff Skelton has joined Fiserv Inc. as its executive vice president and chief information officer.
Skelton most recently served as the chief technology and operations officer at Ally Financial Corp.
In his new role, Skelton will be responsible for global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of Fiserv’s technology platforms, announced the company today.
At Ally, he directed all technology strategy and operations for the company since 2007 as well as had operations responsibility for procurement, supplier management, facilities, privacy and information security.
Skelton replaces Maryann Goebel, who will serve as an advisor to Fiserv until her retirement on July 1, 2012.
Tom, you make great points and I appreciate each. Thanks.
On one level I agree with you that, in truth, “things aren’t all that bad.” Yet, the fact that we “don’t know” where and what are all the problems (as you correctly spelled out) in and of itself creates a greater problem. The underlying situation matters less than the reality of the moment, and the reality of the moment can end up amplifying even the worse-case scenario.
This is what is going on with Citigroup this week: the knowledge of problems at Citi in and of itself makes Citi’s situation worse. The stock gets bid down and Citi’s bad situation gets amplified.
My point is, if the financial situation is this bad at 2% chargeoffs, how much worse will it be at 4% chargeoffs? Honestly, I don’t what to know the answer.