U.S. Bancorp Appoints Kedia CEO at ‘Inflection Point’ for Firm

U.S. Bancorp said President Gunjan Kedia will become chief executive officer, replacing Andy Cecere, who will remain the lender’s chairman.

Kedia, also elected to company’s board, will become CEO on April 15, at the conclusion of U.S. Bancorp’s annual shareholders meeting, according to a statement Tuesday. Kedia, 54, has been with the Minneapolis-based bank since 2016, overseeing its revenue lines during her time as president, and has worked in financial services for almost three decades, including roles at State Street Corp. and Bank of New York Mellon Corp.

The fifth-largest US bank is “at an important inflection point” after ...