Lexi Benakis

About Lexi Benakis

Procurement executive with 20+ years of progressive leadership driving procurement transformation, supplier negotiations, and cost containment initiatives.I bring a proven track record of leading strategic sourcing operations that deliver measurable value through high-impact contract negotiations, development of scalable procurement processes, and vendor performance optimization. My approach combines operational discipline with creativity, ensuring sustainable cost savings while advancing organizational objectives.I excel at building strong, trust-based relationships with stakeholders across all levels, aligning procurement strategies with business priorities, and fostering collaboration in dynamic, fast-paced environments. By translating stakeholder needs into actionable procurement solutions, I consistently achieve significant cost reductions and long-term value creation.

Experience

1. AVP, Procurement Strategic Sourcing

   Lincoln Financial

   Dec 2024 — Present

   As AVP of Strategic Sourcing at Lincoln Financial, I provide enterprise leadership across multiple procurement categories, and lead both the Travel, and Print & Mail Centers of Excellence—advancing strategies that strengthen operational resilience, reduce risk, and support Lincoln’s long‑term business priorities. I lead modernization efforts that elevate our sourcing ecosystem, improve governance, and enable scalable processes that empower teams and drive measurable value. My role centers on partnering with senior leaders to simplify complex challenges, align strategy across functions, and optimize how the organization engages with suppliers. Through transformation initiatives—ranging from travel program redesigns to enterprise sourcing frameworks—I help position Lincoln for stronger financial stewardship, better decision‑making, and an enhanced stakeholder experience.I am committed to developing high‑performing teams, cultivating trusted partnerships, and driving continuous improvement that unlocks value across the enterprise.

Education

• University of Illinois Urbana-Champaign

  Master of Business Administration - MBA

• San José State University

  Marketing Communications