Mike Herndon

Mike Herndon Email and Phone Number

Marketing strategist and personalization leader, insights connector and innovator, growth and audience driver @ Truist
Mike Herndon's Location
Charlotte, North Carolina, United States, United States
Mike Herndon's Contact Details
About Mike Herndon

Proven Marketing leader with a strong track record of action and results. Analytical, creative, collaborative executive.Head of Consumer and Small Business cross-segment Marketing strategy, integration, transformation, and personalization. I lead the team driving transformational change, geared at shifting how we approach Marketing — in particular, re-orienting around audiences, focusing in on customer need and opportunity — as a means of delivering more impactful and efficient Marketing outcomes.Expertise and leadership: — Collaboration/ matrix management— Shifting from product focus to customer focus and transforming the Marketing operating model, including MarTech requirement components— Marketing, product, and business strategy— Developing and fielding voice of customer research and driving analytical insights— Actionable and meaningful customer segmentation— Online and offline strategy and execution— Driving operational efficiencies— Product management and pricing— P&L management— Brand strategy and positioning — Agency management— Talent developmentAnd a history of driving proven results:@ Bank of America: 10% lift in sales and audience ROI over BAU; +20% engagement, +20% consideration vs. BAU@ Merkle: Client +100% lift in DDA and +10% lift in targeted HE account acquisitionIn sum: I'm a senior financial services customer marketing, personalization and marketing transformation leader. I'm a collaborative and polished manager and speaker, known for getting things done the right way. I have a passion for and track record of developing, interpreting, and applying voice of customer and analytical insights into actionable brand, marketing, product, and experience strategies that drive significant results.

Mike Herndon's Current Company Details
Truist

Truist

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Marketing strategist and personalization leader, insights connector and innovator, growth and audience driver
Mike Herndon Work Experience Details
  • Truist
    Svp, Digital Marketing
    Truist May 2022 - Present
    Charlotte, North Carolina, Us
  • Bank Of America
    Svp, Cross-Segment Strategy And Marketing Personalization Transformation Executive
    Bank Of America Jan 2018 - Jun 2022
    Charlotte, Nc, Us
    -- Led transformation from “product to customer” approach for Marketing -- Designed, launched and managed marketing transformation “test lab,” enabling organization to learn into strategy and process opportunities from product to customer transition while limiting risk, and delivering key learnings to scale throughout broader enterprise -- Test lab pilot showed 5%+ increases in MROI, 10% in engagement, and 20% in consideration, as well as material potential cost savings from process opportunities-- Launched multiple new strategic initiatives inside test lab, including overall audience mix optimization; 1st and 3rd party signals-based customer journeys and paid/ owned execution; and MarTech requirements/ efficiency opportunities -- Planned, organized and helped implement overall transition roadmap for Marketing to apply test lab learnings to a broad customer-segment model
  • Bank Of America
    Svp, Customer Marketing Strategy Executive
    Bank Of America May 2014 - Jan 2018
    Charlotte, Nc, Us
    -- Led development, executive socialization and buy-in, implementation and operationalization of enterprise-wide, full US market segmentation-- Led selected strategy development for Consumer, Small Business, and Wealth Management, including segment-level strategies, product strategies (retirement, deposits, credit card, home and auto loans, advised investing) and channel strategies (branch, digital, mobile, media, direct mail)-- Developed identity for Small Business, including naming and positioning, showing 10%+ lift in appeal and consideration-- Identified gap areas in service migration models with potential to move 10MM+ transactions from Teller to ATM-- Led innovation and testing process for customer experience concepts that showed significant lift in key metrics (consideration, likelihood to do more business)
  • Merkle
    Director, Bank Marketing Strategy
    Merkle Jul 2013 - May 2014
    Columbia, Md, Us
    Agency strategy lead for major US bank. Led strategic marketing consulting efforts, focused on driving DDA and HELOC customer acquisition-- Developed strategies that drove 100% increase in DDA acquisition and 10% increase in new HELOC accounts-- Managed and drove development of annual product strategic plans, including performance objectives, strategy recommendations, and profitability analyses-- Guided strategic thinking through client approval and execution, including delivery of channel recommendations, timing, messaging approaches, creative development, segmentation and targeting, and ongoing campaign-level adjustments-- Provided strategy leadership and direction for in-house creative support partners
  • Bank Of America
    Svp, Strategic Marketing Executive
    Bank Of America Jan 2001 - Jul 2013
    Charlotte, Nc, Us
    Strategy responsibility for Mass Affluent segment marketing (Sept 2010 - July 2013). Helped drive strategy behind development of Preferred Rewards loyalty program and marketing efforts (40% retention improvement, balance and satisfaction improvement of 10% over plan)SVP, Senior Finance Manager; BFO responsibility for Global Risk (Sept 2009 - Sept 2010). Managed planning, forecasting, and business casing for line of business with budget of over $1B and 5,000+ FTEsSVP, Process Design Executive; retention strategy responsibility for deposits balances and consumer bank relationship customers (Nov 2007 - Sept 2009). Drove $100MM+ improvement in balance retention over prior maturing CD retention strategies SVP, Senior Product Manager; retention strategy responsibility for consumer credit card customers and balances (May 2004 - Nov 2007). Improved card customer retention by 5%, covering 64MM accounts with $140B+ in balancesVP, Product Manager; product management responsibility for credit card customer segmentation and positioning (Jan 2001 - May 2004). Developed and implemented needs-based customer segmentation using analytics and deep customer research
  • Knowledge Universe
    Senior Product Manager/ Director
    Knowledge Universe Jul 2000 - Dec 2000
    Lake Oswego, Or, Us
    Responsible for growth strategy and web product development of a subsidiary web startup; company was a b2b2c affinity site geared around marketing health and life management solutions to employees of Fortune 500 companies.
  • Trilegiant
    Senior Product Manager
    Trilegiant Jul 1999 - May 2000
    Us
    Led marketing of $250MM insurance product; prior subsidiary company (Benefit Consultants, Inc) was a leading affinity marketer of insurance products to financial institution customers.
  • Snl Financial
    Marketing Director
    Snl Financial May 1995 - Jun 1999
    Led overall marketing and PR responsibility for company and 75 products. Scoped, designed, and planned CRM system development and implementation.

Mike Herndon Skills

Strategy Financial Services Segmentation Product Management Banking Marketing Marketing Strategy Management Credit Cards Retail Banking Direct Marketing Portfolio Management Business Analysis Digital Marketing Financial Analysis Process Improvement Cross Functional Team Leadership

Mike Herndon Education Details

  • University Of Virginia
    University Of Virginia
    English

Frequently Asked Questions about Mike Herndon

What company does Mike Herndon work for?

Mike Herndon works for Truist

What is Mike Herndon's role at the current company?

Mike Herndon's current role is Marketing strategist and personalization leader, insights connector and innovator, growth and audience driver.

What is Mike Herndon's email address?

Mike Herndon's email address is mi****@****ail.com

What is Mike Herndon's direct phone number?

Mike Herndon's direct phone number is (866) 607*****

What schools did Mike Herndon attend?

Mike Herndon attended University Of Virginia.

What skills is Mike Herndon known for?

Mike Herndon has skills like Strategy, Financial Services, Segmentation, Product Management, Banking, Marketing, Marketing Strategy, Management, Credit Cards, Retail Banking, Direct Marketing, Portfolio Management.

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