Dallas-based Triumph Bancorp is reorganizing its executive management team, with four promotions across its corporate, banking and payments technology business units.
Ed Schreyer, who previously ran trucking industry payments platform TriumphPay, becomes chief operating officer of Triumph Bancorp and its primary operating subsidiary, TBK Bank. Triumph Bancorp is a financial holding company with $442 million in annual revenue and business units spanning insurance to backoffice technology.
Melissa Forman replaces Schreyer as TriumphPay president.
Other promotions include Gail Lehmann as chief regulatory and governance officer of Triumph Bancorp and TBK Bank, and Todd Ritterbusch as president of TBK Bank. The company also promoted senior vice president Tim Valdez to chief operating officer of TriumphPay.
“Triumph’s vision is to do something truly unique and valuable in financial services,” said CEO Aaron Graft in a statement. “We have seen significant growth as an organization over the last few years. … Now is the time to strategically position our business and our leadership team for the future.”
Schreyer joined Triumph early last year with 30 years of operational experience, including serving as chief operating officer of CBRE’s Americas advisory business.
Forman, 44, will run the platform for paying freight carriers. She has been TriumphPay’s senior vice president and chief strategy officer and has worked in the transportation industry for 25 years.
TriumphPay processed more than $21 billion in payments last year, making it the largest in the freight industry, Forman said.
“When you think about the payment process, the post-payments process is pretty archaic and highly fragmented,” she said. “Our technology allows integration to facilitate communication between those two parties.”
In March, TriumphPay announced a successful beta phase, completing transactions between freight brokers and carriers.
The transportation industry is male-dominated with women holding only 12.9% of executive positions, Forman said. But women account for 23% of TriumphPay’s vice president and higher ranks.
“It’s very exciting to work for a progressive company that believes in all of our leadership and makes diversity important,” she said.
Lehmann joined Triumph in 2010 with the acquisition of Equity Bank, and Ritterbusch signed on in 2019 as TBK Bank’s chief lending officer.
