State Street Corp. executive joins board of Orion, Edison-based IT services firm

Orion Innovation Appoints Donna Milrod to its Board of Directors

Edison-based Orion Innovation announced the appointment of Donna Milrod as an independent director of its board of directors.

Milrod is executive vice president and chief product officer for State Street Corp. She has extensive experience serving on corporate and private boards across multiple industries, including technology, financial services, manufacturing and retail.

Milrod has served as a board director for Valmont Industries, T-Rex, Cabela’s Inc., Depository Trust & Clearing Co.’s wholly owned subsidiary, Deriv/SERV LLC and Omgeo LLC, and the Cosmopolitan of Las Vegas. She is an SEC Qualified Financial Expert and has been actively involved in the Audit, Compensation, and Human Resource Committees in her roles as a board member.

“I’m pleased to welcome Donna to Orion’s board of directors,” Chip Schorr, chairman of Orion’s board of directors and senior managing director at One Equity Partners, said. “Donna is a highly accomplished executive and company director with extensive leadership experience across multiple industries. Her strong financial services background and operations, strategy, consulting and M&A experience will provide the board with diverse perspectives and additional expertise as Orion continues to grow, innovate and execute its strategy.”

“Donna’s deep leadership experience and financial expertise bring tremendous value to our team,” Raj Patil, CEO of Orion, said. “We are excited to welcome Donna to our board, and I look forward to benefiting from her contributions and insights.”

“I am excited to join the board of Orion Innovation, as it is keenly focused on helping companies modernize their technology to execute their strategic business plans,” Milrod said. “In every industry Orion serves, technology continues to be more and more of an enabler, and Orion’s expertise and global footprint will be instrumental in developing digital solutions at scale.”

Milrod has more than 25 years of experience in banking and financial services, including leadership positions at Deutsche Bank, where she served as deputy CEO for its North American business. Before joining State Street, she was a senior adviser to both Broadridge and McKinsey & Co., where she provided advice for navigating risk, optimizing operating efficiencies and increasing revenue growth. Prior to that, Milrod was with the Depository Trust and Clearing Corp., where she served on the Management Committee and was the head of DTCC Solutions. She also led DTCC’s global strategy and business development.

With this appointment, Orion now has seven members on its board of directors.