Dan Dehaenen

SVP - Head of Strategic Sourcing & Category Management @Truist

Charlotte, NC, US

Lead the Truist Strategic Sourcing & Contract Management teams (75 FTE) through the end-to-end sourcing process and supply management lifecycle via strategic category management and contract negotiation. Manage a total spend of $4.4B/year. Drive third party savings through development and execution of category strategies built to optimize costs while ensuring highest level of service. Responsible for sourcing of 110 purchase categories including IT software/hardware/telecom, banking operations, marketing, HR services, market data, credit data, investment & trading services, and professional services- Team delivered over $500 million cost-out savings 2022-24 through proactive category management, strong business alignment, and assertive negotiation approaches- Decreased average contract cycle time by 20% through streamlined legal engagement, automation, queue management, reporting, catalog purchasing, and increased PO fulfillment- Stood up offshore sourcing team in India, to increase overall team capacity, provide round-the-clock coverage, compliance, and efficiency- Aggressively completed sourcing & contracting work for Truist Insurance Holdings and Sterling Capital divestitures via negotiation of ‘day 1’ service contracts, assignment consents, and right-to-use contractual provisions. Resulted in a $10.1B gain upon completion of sale- Promote risk excellence and sound risk management as the first line of defense- Partner with the Truist executive leaders to improve efficiency, effectiveness, productivity,control, consumption and material cost reductions as measured and compared with world classbenchmarks- Implement process improvements in all phases of the source-to-pay life cycle (i.e, supplierrationalization, volume aggregation, preferred vendor programs, product/service requirementsand demand management) to reduce supplier costs and proactively manage third party relatedrisks

University of South Carolina - The Moore School of Business

MBA

The Citadel

BA

University of South Carolina Darla Moore School of Business

Master of Business Administration - MBA