U.S. Bancorp: Vice Chair Tim Welsh to leave July 31; Arijit Roy takes expanded role

US BANCORP DE

Tim Welsh, Vice Chair of Consumer and Business Banking, will depart effective July 31, 2024.
Welsh will remain in an advisory role to the President through October 4, 2024.
Arijit Roy promoted to lead Consumer and Business Banking products, reporting to President Gunjan Kedia.
Sekou Kaalund (Branch Banking) and Tom Wind (Consumer Lending) also report to Kedia.
Roy joined U.S. Bank in 2022; previously held leadership roles at Truist, Discover, and McKinsey.

item 5.02 item 9.01

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Departed

Timothy A. Welsh

Vice Chair, Consumer and Business Banking

USB · US BANCORP DE

Effective: 2024-07-31
Filed: June 27, 2024, 7:59 PM ET

On June 27, 2024, U.S. Bancorp (the “Company”) announced certain organizational changes, including that Timothy A. Welsh will cease to serve as Vice Chair, Consumer and Business Banking, effective July 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy A. Welsh departed as Vice Chair, Consumer and Business Banking at US BANCORP DE.

Action: cease to serve
Role: Vice Chair, Consumer and Business Banking

Exact text from the filing

On June 27, 2024, U.S. Bancorp (the “Company”) announced certain organizational changes, including that Timothy A. Welsh will cease to serve as Vice Chair, Consumer and Business Banking, effective July 31, 2024.

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Source: SEC EDGAR

accession 0001193125-24-170036

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