U.S. Bancorp announces CFO succession: Stern to replace Dolan as CFO effective Sept 1, 2023

US BANCORP DE

Terry Dolan (CFO since 2016) will become Vice Chair & CAO effective Sept 1, 2023, succeeding retiring Kate Quinn.
John Stern promoted to SEVP Head of Finance in May 2023, expected to become CFO on Sept 1, 2023.
Kate Quinn (Vice Chair & CAO) and Jim Kelligrew (Vice Chair, Corporate & Commercial Banking) retiring June 30, 2023.
Gunjan Kedia expands role to oversee combined Wealth Management & Investment Services and Corporate & Commercial Banking.
Reba Dominski and Stephen Philipson join managing committee as SEVPs, reporting to Dolan and Kedia respectively.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John C. Stern

Chief Financial Officer

USB · US BANCORP DE

Effective: 2023-09-01
Filed: April 12, 2023, 7:59 PM ET

John C. Stern will be promoted to Head of Finance beginning May 1, 2023, and is expected to become the Company's Chief Financial Officer effective September 1, 2023.

Role change

Terrance R. Dolan

Vice Chair and Chief Administration Officer

USB · US BANCORP DE

Effective: 2023-09-01
Successor: John C. Stern
Filed: April 12, 2023, 7:59 PM ET

Terrance R. Dolan, Vice Chair and Chief Financial Officer, will assume expanded responsibilities by June 30, 2023, and is expected to become Vice Chair and Chief Administration Officer of the Company effective September 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John C. Stern was appointed as Chief Financial Officer at US BANCORP DE.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

John C. Stern will be promoted to Head of Finance beginning May 1, 2023, and is expected to become the Company's Chief Financial Officer effective September 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Terrance R. Dolan changed role as Vice Chair and Chief Administration Officer at US BANCORP DE.

Action: assume expanded responsibilities
Role: Vice Chair and Chief Administration Officer

Exact text from the filing

Terrance R. Dolan, Vice Chair and Chief Financial Officer, will assume expanded responsibilities by June 30, 2023, and is expected to become Vice Chair and Chief Administration Officer of the Company effective September 1, 2023.

View on SEC.gov

US BANCORP DE filing history →

Source: SEC EDGAR

accession 0001193125-23-098542

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