---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-098542"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:21:25.870045+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-098542
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/0001193125-23-098542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/d479904d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-098542
- JSON: https://secwatch.observer/filing/0001193125-23-098542.json
- Plain text: https://secwatch.observer/filing/0001193125-23-098542.txt

## Key facts
- Executive change
  John C. Stern was appointed as Chief Financial Officer at US BANCORP DE.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/0001193125-23-098542-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523098542/0001193125-23-098542-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.