TYSONS, Va.,– PenFed Credit Union has promoted Shree Reddy to Chief Information Officer and Executive Vice President.
Reddy joins the executive management team and is responsible for technology infrastructure and operations, application delivery and technology risk. "It again gives me great pleasure to promote from within PenFed to best support our mission and serve our nearly 3 million members," said PenFed President and CEO James Schenck. "Shree brings a wealth of experience in technology and will have a positive impact at all levels of our firm."Shree joined PenFed in 2017 and previously served as SVP, Head of Consumer Banking Technology demonstrating a wealth of transformative leadership experience in the finance and technology sectors. He led the successful launch of PenFed’s Digital Banking Platform including PenFed online, PenFed’s new mobile app and several strategic enterprise transformative programs across a wide range of banking products. Shree will replace Joseph Thomas who is retiring from PenFed after nearly a decade of serving PenFed through a significant period of growth and technology advancements. “I am extremely happy and excited for both PenFed and Shree,” said Thomas. “Shree has a unique blend of business and technology experience and is a role model for PenFed’s culture. His intimate knowledge of PenFed will allow a seamless transition, he is the ideal choice to lead PenFed through the next phase of transformation.”