Form 8-K · Current Report · Filed 2025-01-28
U.S. Bancorp Announces CEO Succession Plan with Gunjan Kedia Set to Take the Helm
U.S. Bancorp has announced that Gunjan Kedia will succeed Andrew Cecere as Chief Executive Officer effective April 15, 2025. Cecere, who has been with the company for nearly 40 years, will transition to the role of Executive Chairman. Kedia, currently President of U.S. Bancorp, has been with the company since 2016 and has held various leadership positions within the organization. The company expects the transition to be smooth, with both leaders working closely in the lead-up to the change.
- Filer
- U.S. Bancorp USB · NYSE
- Filed
- Accession
- 0001193125-25-014216
- CIK
- 0000036104
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$49.54
Next session
-3.8%
Since filing
+27.2%
Latest close
$63.01
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from USB reporting the same item, with the next session's move:
Exhibits (1)
About U.S. Bancorp
U.S. Bancorp provides a wide array of financial services through its primary subsidiary, U.S. Bank, which is one of the largest banks in the United States. It offers services such as commercial banking, consumer banking, wealth management and investment services, and payment services, catering to individuals, businesses, governmental entities, and other financial institutions. The company is renowned for its comprehensive suite of financial products, which includes credit cards, mortgage and loan products, as well as personal and corporate checking and savings accounts. Serving a diverse clientele across various sectors, U.S. Bancorp plays a significant role in the financial market by facilitating capital flow and offering critical financial support. Based in Minneapolis, the bank's extensive network and technological integration enable it to deliver efficient banking solutions across the nation, reflecting its commitment to customer service and operational excellence.
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