Gunjan Kedia to Take Over as CEO of US Bancorp in Leadership Transition

US Bancorp has announced that its current president, Gunjan Kedia, will assume the role of CEO on April 15, succeeding company chairman and CEO Andy Cecere.

Kedia, who joined US Bancorp in 2016, has held executive positions at State Street Financial, BNY, McKinsey & Company, and PwC. She holds engineering degrees from Carnegie Mellon University and Delhi School of Engineering and serves on the boards of PBS, the American Red Cross, and Carnegie Mellon Business School.

Reflecting on her new role, Kedia expressed deep appreciation for the opportunity to lead the company, emphasizing that US Bancorp provides a unique space to engage in meaningful work while fostering lasting relationships with millions of clients. She acknowledged the trust placed in her and credited Cecere for his leadership and guidance. She also highlighted the company’s strong foundation of integrity and ethical business practices, stating that these values would continue to shape its growth and ambitious future.

Cecere, who has served as CEO since 2017 and spent nearly four decades at US Bancorp, will transition into the role of executive chairman. Kedia has also been elected to the company’s Board of Directors. As she steps into the CEO position, Cecere will work closely with her to ensure a smooth transition.

He previously described Kedia as a highly influential executive with a deep understanding of the business, strong strategic execution skills, and a commitment to driving organizational excellence. He expressed confidence in her ability to lead US Bancorp forward alongside an experienced leadership team and a workforce of 70,000 employees.

In a separate leadership update, US Bancorp recently announced that Courtney Kelsey would assume responsibility for Payments: Consumers and Small Businesses starting February 3.

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