---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-218674"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T05:04:52.898290+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp names Dolan CAO, Stern CFO; von Gillern retires Sept 1, Venkatachari executive officer

## Summary
- Jeffry H. von Gillern resigns as Vice Chair, Technology and Operations Services effective Sept 1, 2023; remains advisor to CEO through Dec 31, 2023.
- Terrance R. Dolan appointed Vice Chair and Chief Administration Officer effective Sept 1, 2023, ceasing as CFO on that date.
- John C. Stern promoted to Senior Executive Vice President and CFO, reporting to Dolan; base salary $700,000, target cash incentive 180% of base, long-term equity target $2.5M.
- Dilip Venkatachari (CIO) becomes executive officer reporting directly to CEO effective Sept 1, 2023, assuming von Gillern's day-to-day responsibilities.

## SEC filing metadata
- accession: 0001193125-23-218674
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312523218674/0001193125-23-218674-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312523218674/d492507d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-218674
- JSON: https://secwatch.observer/filing/0001193125-23-218674.json
- Plain text: https://secwatch.observer/filing/0001193125-23-218674.txt

## Key facts
- Executive change
  Terrance R. Dolan was appointed as Vice Chair and Chief Administration Officer at US BANCORP DE.
  - Action: appointed
  - Role: Vice Chair and Chief Administration Officer
  source text: appointed Terrance R. Dolan to the position of Vice Chair and Chief Administration Officer, effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523218674/0001193125-23-218674-index.htm
- Executive change
  Jeffry H. von Gillern resigned as Vice Chair, Technology and Operations Services at US BANCORP DE.
  - Action: resigned
  - Role: Vice Chair, Technology and Operations Services
  source text: Jeffry H. von Gillern will resign from his position as Vice Chair, Technology and Operations Services of U.S. Bancorp
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523218674/0001193125-23-218674-index.htm
- Executive change
  John C. Stern was appointed as Senior Executive Vice President and Chief Financial Officer at US BANCORP DE.
  - Action: appointed
  - Role: Senior Executive Vice President and Chief Financial Officer
  source text: John C. Stern also was appointed Senior Executive Vice President and Chief Financial Officer of the Company, reporting to Mr. Dolan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523218674/0001193125-23-218674-index.htm

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