U.S. Bancorp announced that President Gunjan Kedia will become the company’s Chief Executive Officer at the conclusion of the annual meeting of shareholders on April 15. Kedia was also elected to the company’s Board of Directors, marking a significant leadership transition.
Current Chairman and CEO Andy Cecere will transition to the role of executive chairman, continuing to lead the Board of Directors and providing guidance to Kedia. Cecere has served as CEO since 2017 and chairman since 2018, leading the company through substantial changes, including the acquisition of MUFG Union Bank.
Kedia, who joined U.S. Bancorp in 2016 and has overseen the revenue lines, brings nearly 30 years of financial services experience to her new role. This planned succession underscores the company's commitment to thorough leadership planning and continuity.
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