U.S. Bancorp VP Tim Welsh to Depart; Arijit Roy Promoted

U.S. Bancorp (NYSE: USB) has announced changes in its leadership team, with Tim Welsh, vice chair of Consumer and Business Banking, set to leave the organization after seven years. Arijit Roy, who joined U.S. Bank in 2022, has been promoted to an expanded role leading the U.S. Bank Consumer and Business Banking products organization, reporting to Gunjan Kedia, U.S. Bancorp president.

Roy, who previously held leadership positions at Truist, Discover Financial Services, and McKinsey and Company, brings a wealth of experience in integrating product, channel, and strategy in financial services. He holds master’s degrees from Harvard Business School and Virginia Tech, as well as a bachelor’s degree from Manipal Institute of Technology.

Additionally, Sekou Kaalund, head of Branch Banking, and Tom Wind, head of Consumer Lending, will also report to Gunjan Kedia. Kedia expressed confidence in Roy, Kaalund, and Wind, highlighting their vital roles in the organization's ongoing efforts to provide quality, consistency, and an unparalleled experience to U.S. Bank's clients.

U.S. Bancorp, the parent company of U.S. Bank, boasts more than 70,000 employees and $684 billion in assets as of March 31, 2024. The company serves millions of customers locally, nationally, and globally through a diversified mix of businesses, including consumer banking, business banking, commercial banking, institutional banking, payments, and wealth management. U.S. Bancorp has been recognized for its digital innovation, community partnerships, and customer service, being named one of the 2024 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Today the company's shares have moved -0.1% to a price of $39.69. If you want to know more, read the company's complete 8-K report here.

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