Milwaukee-based health care firm Versiti, Inc., today announced that Derek Tyus has been selected as the organizations new Executive Vice President and Chief Financial Officer. He will join Versiti effective March 18, 2024.
Tyus will provide leadership of the finance, information services, continuous improvement, facilities, supply chain, and corporate business development functions for Versiti, according to a press release from the company. He succeeds current Executive Vice President and Chief Financial Officer Tony Watkins, who is retiring after 10 years with the organization.
“Derek’s extensive experience providing financial and strategic leadership in a variety of settings will be a significant asset to Versiti and the communities we serve,” Versiti president and CEO Chris Miskel said in a statement. “He is a proven leader and as a member of our Executive Leadership Team, Derek’s combination of emotional intelligence (EQ), IQ, and strong cultural fit will help fuel our continued growth.”
Tyus is a graduate of Marquette University with a degree in accounting. He later earned his MBA from the University of Michigan Ross School of Business. Derek served as the Senior Vice President and Chief Investment Officer for West Bend Mutual Insurance from 2016 to 2024 and worked for Northwestern Mutual Insurance in several leadership positions from 2005 to 2016. Prior to that he served in tax professional and financial roles at S.C. Johnson and Son, as well as Arthur Andersen & Co.
“I am thrilled to be joining this outstanding and dynamic team at Versiti,” Tyus said in a statement. “I am very much looking forward to contributing my expertise and collaborating with everyone to drive success of the organization’s mission.”
Tyus serves on the boards of several nonprofits, including the Children’s Wisconsin Foundation. He is a former board member of the Boys and Girls Club of Greater Milwaukee and currently sits on the organization’s investment subcommittee.
