Andrew Cecere told the Board on Jan 27, 2026 he will not stand for re‑election and will retire from U.S.
Filed with the SEC on · Summarized by InvestorsBot
Andrew Cecere told the Board on Jan 27, 2026 he will not stand for re‑election and will retire from U.S. Bancorp’s Board on Apr 21, 2026 after 40 years of service; company says decision is personal, not due to any disagreement. $USB 🏦 #Leadership #Banking
The Board has elected CEO & President Gunjan Kedia to serve as Chairman in addition to her CEO role, effective Apr 21, 2026 upon Cecere’s retirement — CEO/Chair consolidation noted. $USB 🔁 #CorporateGovernance #Leadership
Transition announced in a press release filed as Exhibit 99.1 to the Form 8‑K (filed Jan 28, 2026). Effective date for leadership change: Apr 21, 2026. $USB 📄 #SEC #Banking