U.S. Bancorp names CEO Gunjan Kedia as Chairman; Andy Cecere to retire from board in April 2026

US BANCORP DE

Andrew Cecere, current executive chairman, will retire at the 2026 annual meeting after 40 years; departure not due to any disagreement.
Gunjan Kedia, CEO and President since April 2025, elected Chairman effective upon Cecere's retirement (April 21, 2026).
Kedia joined U.S. Bancorp in 2016 and previously led Wealth, Corporate, Commercial and Institutional Banking.
Roland Hernandez will continue as lead independent director of the Board.

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