Form 8-K · Current Report · Filed 2026-01-28
U.S. Bancorp Appoints Gunjan Kedia as New Chairman
On January 27, 2026, U.S. Bancorp announced that Gunjan Kedia, the current CEO and President, will succeed Andrew Cecere as Chairman of the Board following the 2026 Annual Meeting of Shareholders. Cecere's retirement, after a 40-year career, is due to personal reasons and not a result of any disagreement with the company. Roland Hernandez will remain as the Board's lead independent director. Kedia, with over 30 years of financial services experience, is expected to continue the company's focus on digital innovation and prudent risk management.
- Filer
- U.S. Bancorp USB · NYSE
- Filed
- Accession
- 0001193125-26-026195
- CIK
- 0000036104
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$56.53
Next session
-0.4%
Since filing
+11.5%
Latest close
$63.01
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Precedent
Previous filings from USB reporting the same item, with the next session's move:
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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