U.S. Bank Technology and Operations Leader to Retire in Late 2023
November 10 2022 - 3:15PM
Business Wire
Company welcomes Souheil Badran and Dilip
Venkatachari to executive leadership team
U.S. Bank (NYSE: USB) announced executive leadership changes
today that will change how the company manages technology and
operations for its employees and customers.
Jeff von Gillern, vice chair of Technology and Operations
Services, intends to retire from the company in late 2023 after
more than 20 years of service to the organization.
“Jeff has helped to elevate our technology profile and
reputation inside and outside the organization, and he has
strengthened our focus on operations throughout his career with
us,” said Andy Cecere, chairman, president and CEO of U.S. Bank. “I
have worked closely with Jeff for a long time, and his influence on
our organization has gone far beyond his role. It has been a
pleasure to know him personally and professionally, and we are a
better company because of him.”
Cecere said von Gillern will remain with the company throughout
most of 2023 continuing to lead technology transformation
initiatives for the organization and ensuring a successful systems
integration with MUFG Union Bank post-close of the planned
acquisition.
At the same time, U.S. Bank will welcome two new leaders to its
executive leadership team.
Dilip Venkatachari, who serves as the company’s executive vice
president and global chief information and technology officer, will
provide technology leadership at the executive level, reporting to
von Gillern, effective in January. Venkatachari joined the company
in the fall of 2018. He has helped modernize technology at U.S.
Bank in an increasingly digital world, including selecting a
primary cloud provider for U.S. Bank applications. He has a long
history working in technology and has worked at companies including
Fiserv, PayPal, Google, McKinsey & Company and Mastercard.
Souheil Badran will join the company as senior executive vice
president and chief operations officer, overseeing the company’s
operations teams and call centers. He will report to Cecere,
effective Dec. 15. Badran, who has significant financial services
experience, comes to U.S. Bank from Northwestern Mutual, where he
most recently served as the executive vice president and chief
operating officer. Prior to those roles, he was the president of
Alibaba’s Alipay business in the Americas. He worked in positions
of increasing leadership responsibility at Edo Interactive, Digital
River, First Data, VeriSign, Digital Insight and Metavante during
his career.
“Dilip and Souheil are experienced leaders who are known for
their focus on transformation and continuous improvement,” Cecere
said. “We look forward to their insights and perspectives that will
help us continue to grow and deliver exceptional service at a
dynamic time in our industry.”
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $601
billion in assets as of September 30, 2022, is the parent company
of U.S. Bank National Association. The Minneapolis-based company
serves millions of customers locally, nationally and globally
through a diversified mix of businesses: Consumer and Business
Banking; Payment Services; Corporate & Commercial Banking; and
Wealth Management and Investment Services. The company has been
recognized for its approach to digital innovation, social
responsibility, and customer service, including being named one of
the 2022 World’s Most Ethical Companies and Fortune’s most admired
superregional bank. Learn more at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20221110005976/en/
Investor contact: George Andersen, U.S. Bancorp Investor
Relations george.andersen@usbank.com, 612.303.3620
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications jeffrey.shelman@usbank.com, 612.303.9933,
@usbank_news
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