U.S. Bank announces key leadership team changes
April 12 2023 - 9:00AM
Business Wire
Kelligrew, Quinn to retire from positions;
Dolan, Stern, Kedia, Philipson and Dominski take on broader
roles
U.S. Bank announced several changes to its executive leadership
team today to succeed two leaders who are leaving the company this
summer.
“We are proud of our longstanding history of attracting,
developing and supporting talented leaders who position us for the
future,” said Andy Cecere, chairman, president and CEO of U.S.
Bank. “That focus is what makes it possible for us to ensure strong
succession plans are in place when leaders decide to pursue new
paths in their lives for personal and professional reasons. It is
why I’m confident we will continue to grow, create value and serve
customers without disruption when leadership changes happen – as
they will during the next few months.”
Kate Quinn, vice chair and chief administrative officer,
and Jim Kelligrew, vice chair of corporate and commercial
banking, will be retiring from their positions in the company June
30 after making significant contributions to the bank during their
tenures. Quinn, 58, has advanced the company strategically and
reputationally on many fronts since joining U.S. Bank in 2013. She
was repeatedly honored as one of the most powerful women in the
banking industry. Kelligrew, 57, leaves the bank after 14 years of
service. He led the company’s corporate and commercial banking team
through rapid growth, expanded the bank’s capabilities and product
offerings, and excelled at building strong customer
relationships.
“Kate and Jim have dedicated their time, talent and leadership
to the bank in many ways during the years, and we fully support
their decisions to begin the next chapters in their lives. I
appreciate their service and partnership, and I am grateful for how
they have positioned us for growth and ongoing success,” Cecere
said. “We have a strong succession plan in place for normal
leadership changes such as these, and we will build on the
foundations they have created to accelerate our future
strategy.”
Terry Dolan, 61, is expected to take on a broader role as
vice chair and chief administration officer, succeeding Quinn, in
addition to his current responsibilities as chief financial
officer. He has served as the company’s CFO since 2016, after
leading the company’s wealth management and investment services
division.
John Stern, 44, will be promoted to senior executive vice
president and head of finance in May and is expected to become CFO
September 1. He will join the company’s managing committee and
report to Dolan, and the two will be working closely together to
ensure a smooth transition. Stern is currently the president of the
company’s global corporate trust and custody business and was
previously the corporate treasurer for nearly eight years.
Gunjan Kedia, 52, will assume an expanded leadership
role, overseeing a combined wealth management and investment
services and corporate and commercial banking organization. Kedia
is a company vice chair and has been with U.S. Bank, leading wealth
management and investment services, since 2016.
Also joining the company’s managing committee as senior
executive vice presidents will be Reba Dominski and
Stephen Philipson. Dominski, 52, is executive vice president
and chief corporate social responsibility officer. She will report
to Dolan. Philipson, 44, is executive vice president and head of
commercial product groups. He will report to Kedia and assume
broader leadership responsibilities in addition to his current
role.
About U.S. Bank
U.S. Bancorp, with approximately 77,000 employees and $675
billion in assets as of December 31, 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 and Commercial Banking; and
Wealth Management and Investment Services. Union Bank, consisting
primarily of retail banking branches on the West Coast, joined U.S.
Bancorp in 2022. 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/20230412005529/en/
Investors: George Andersen, Director of Investor Relations, U.S.
Bancorp Investor Relations 612.303.3620;
george.andersen@usbank.com
Media: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications 612.303.9933; jeffrey.shelman@usbank.com
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