President of US Bancorp, Gunjan Kedia, is set to become CEO on April 15, taking over from chairman and CEO Andy Cecere.
Kedia joined US Bancorp in 2016 and has held previous executive roles at State Street Financial, BNY, McKinsey & Company, and PwC. She earned engineering degrees from Carnegie Mellon University and Delhi School of Engineering, and currently serves on the boards of PBS, the American Red Cross, and Carnegie Mellon Business School.
Kedia stated, “U.S. Bancorp is a truly special place that allows us to do meaningful work and build lasting relationships with millions of clients who are navigating some of the most important moments in their lives and organizational journeys. I am deeply honoured to be trusted to lead this iconic company, and I am thankful to Andy for his leadership and stewardship of our organisation. We will build on a solid foundation of integrity and doing business the right way to drive growth. These values will continue to guide us toward an ambitious future – one we will build together.”
Cecere will transition to the role of executive chairman. Having served as CEO since 2017, he has been with US Bancorp for nearly four decades and will collaborate closely with Kedia during this transition.
Cecere commented: “As I said when she was appointed to president last year, Gunjan is an influential executive who understands our business, is skilled in strategic execution, and is driven to help the organisation perform at our best. She is a terrific leader who is poised to confidently guide U.S. Bancorp into the future in partnership with an experienced leadership team and 70,000 dedicated employees.”
Last week, US Bancorp announced that Courtney Kelsey will lead Payments for Consumers and Small Businesses starting on February 3.