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Stock impact report

Gunjan Kedia appears positioned to become U.S. Bank's next CEO [Yahoo! Finance]

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
In her new role, Kedia succeeds Chairman and CEO Andy Cecere, who has also held the president title since 2016. As president, Kedia will retain her current responsibilities as the head of wealth, corporate, commercial and investment banking , and she will take on the firm's other two business lines, payment services and consumer and business banking, a company spokesperson said Monday. Cecere, who is 63, has made no announcements about any impending retirement plans. But U.S. Bancorp's two most recent CEOs — Cecere, who got the top job in 2017 , and his predecessor, Richard Davis — were promoted from the president role. U.S. Bancorp said that Kedia will continue to report to Cecere, but the company declined to comment Monday about its CEO succession plans. In the eyes of some analysts, Kedia's promotion sends a strong signal about what's ahead. "My impression is that she's the most likely candidate to succeed Andy," said Scott Siefers, an analyst at Piper Sandler who covered U. Show less Read more
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