Gunjan Kedia Becomes First Woman CEO Of U.S. Bancorp

Photo: Carnegie Mellon

India-West News Desk

MINNEAPOLIS, MN – Gunjan Kedia has been named the next chief executive officer of U.S. Bancorp, becoming one of the most influential women in the financial sector. The company announced on January 28 that Kedia, currently president, will take over as CEO following the annual shareholders meeting on April 15. She will also join the Board of Directors.

Kedia, 54, will succeed Andy Cecere, who will transition to executive chairman while continuing to lead the board and supporting Kedia in her new role.

A Veteran in Financial Leadership

Kedia, who joined U.S. Bancorp in 2016, has been a key driver of the company’s revenue lines and brings nearly 30 years of experience in financial services. Before U.S. Bancorp, she held global executive roles at State Street Financial and BNY Mellon and worked in leadership positions at McKinsey & Company and PwC.

Recognized as a seven-time honoree on American Banker’s Most Powerful Women in Banking and Finance list, Kedia has also been named twice to Barron’s 100 Most Influential Women in U.S. Finance list.

In addition to her financial expertise, she serves on the boards of PBS, the American Red Cross, and Carnegie Mellon Business School. She holds an MBA with distinction from Carnegie Mellon University and a bachelor’s degree in engineering from the Delhi School of Engineering.

Vision for the Future

Kedia emphasized the bank’s commitment to integrity and innovation as she prepares to take the helm.

“U.S. Bancorp is a truly special place that allows us to do meaningful work and build lasting relationships with millions of clients,” Kedia said. “We will build on a solid foundation of integrity and doing business the right way to drive growth.”

U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships, and customer service, earning spots on Fortune’s Most Admired Superregional Banks list and as one of the World’s Most Ethical Companies in 2024.

As the leadership transition unfolds over the next three months, industry experts will be watching closely to see how Kedia shapes the future of one of the nation’s largest banks.

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