U.S. Bancorp (NYSE: USB) has announced that President Gunjan Kedia will take over as the company's chief executive officer following the annual meeting of shareholders on April 15. Kedia, who joined the company in 2016, will also be joining the company’s Board of Directors. Current Chairman and CEO Andy Cecere will transition to the role of executive chairman, continuing to lead the Board of Directors and supporting Kedia in her new role.
Kedia, 54, has been an influential leader within the bank and has spent nearly 30 years in financial services. She is a seven-time honoree on the American Banker Most Powerful Women in Banking and Finance lists and has been named twice to the Barron’s 100 Most Influential Women in U.S. Finance list. Cecere, 64, has spent nearly 40 years with U.S. Bancorp, serving as chairman since 2018, and has held prior positions as president, chief operating officer, and chief financial officer.
U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. 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 approach to digital innovation, community partnerships, and customer service, including 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 -2.5% to a price of $48.29. For the full picture, make sure to review U.S. Bancorp's 8-K report.
