U.S. Bank Names Tim Welsh Vice Chairman of Consumer Banking Sales and Support
June 16 2017 - 3:00PM
Business Wire
U.S. Bank, the fifth-largest commercial bank in the United
States, announced today that Tim Welsh will join the organization
as vice chairman of Consumer Banking Sales and Support on July
10.
Welsh replaces Kent Stone, who announced his retirement from the
company earlier this year.
“Tim is a well-known and highly regarded strategic thought
leader in the financial services industry,” said Andy Cecere,
president and chief executive officer of U.S. Bank. “He is a strong
fit for our culture, and his appointment to this role will enable
us to continue to position the company for ongoing, sustainable
growth.”
Welsh will report to Cecere in his new role, and will oversee
the company’s overall consumer and small business strategy and
product management functions, 24-hour banking, mortgage, and
consumer lending and digital activities.
“Tim’s in-depth knowledge of the consumer and the ever-evolving
expectations customers have for their experience with a financial
institution are directly in line with our vision at U.S. Bank,”
Cecere continued. “His perspective is a great complement to our
leadership team.”
Welsh joins U.S. Bank from McKinsey & Co., where he most
recently served as a senior partner. He has 26 years of experience
at McKinsey, specializing in financial services and the consumer
experience. He is one of only 30 senior partners elected to serve
on McKinsey’s Shareholders Council, which is the firm’s Board of
Directors. Welsh is an industry expert who has worked closely with
the bank for the past 10 years.
Welsh is a bold advocate for the community. He is a founder of
the Itasca Project, a dedicated team of business, government and
not-for-profit leaders who are working to improve the quality of
life in Minneapolis and St. Paul. He is a board chair for Greater
Twin Cities United Way, president of the board of trustees at St.
Paul Academy and Summit School, and a past chair of the board for
Greater MSP, among others. He holds a master’s of business
administration degree from Harvard Business School and a bachelor’s
degree in social studies from Harvard University.
About U.S. BankMinneapolis-based U.S. Bancorp (NYSE:
USB), with $450 billion in assets as of March 31, 2017, is the
parent company of U.S. Bank National Association, the fifth-largest
commercial bank in the United States. The company operates 3,091
banking offices in 25 states and 4,838 ATMs and provides a
comprehensive line of banking, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170616005616/en/
U.S. Bank Corporate CommunicationsRebekah Fawcett,
612-303-9986rebekah.fawcett@usbank.comTwitter @usbank_news
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