---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-170036"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:15:33.854906+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-170036
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312524170036/0001193125-24-170036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312524170036/d839889d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-170036
- JSON: https://secwatch.observer/filing/0001193125-24-170036.json
- Plain text: https://secwatch.observer/filing/0001193125-24-170036.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312524170036/0001193125-24-170036-index.htm

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