US Bancorp has appointed its president Gunjan Kedia as the new CEO, succeeding Andy Cecere, who will continue to lead the bank’s board of directors in the role of executive chairman.The transition will take effect from 15 April 2025The leadership switch will come into effect following the close of US Bancorp’s annual meeting of shareholders, scheduled for 15 April.Kedia first joined the firm, headquartered in Minneapolis, as vice chair in 2016, before rising to oversee revenue lines with her appointment to president last May.She has previously held executive vice president positions at State Street Financial and BNY, and served leadership roles at McKinsey and PwC.Meanwhile, Cecere has spent nearly 40 years working across various positions in the firm, including COO, CFO, and since 2017, CEO.In a statement announcing the transition, US Bancorp credits Cecere for leading the firm through “dynamic change”, including an increased priority on digital investments, the 2020 Covid-19 pandemic, and most recently, the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG) in 2022.With $678 billion in combined assets, US Bancorp’s businesses offer a variety of retail, business, commercial and institutional banking services, alongside payments and wealth management, and employs more than 70,000 people.
Ven. Gen 31st, 2025
