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Stock impact report

U.S. Bancorp Leadership Shift Centers On Kedia As Chairman And 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
U.S. Bancorp (NYSE:USB) announced that CEO Gunjan Kedia has been appointed Chairman, succeeding Andrew Cecere. Longtime chairman Andrew Cecere is retiring from the board as part of the leadership transition. Chief Operations Officer Souheil Badran is retiring, prompting further changes in the senior leadership team. For investors watching one of the largest U.S. regional banks, these leadership shifts put fresh attention on U.S. Bancorp's long term direction. The shares most recently closed at $56.11, with returns of 22.6% over the past year and 50.0% over five years, which provides context as you consider how this governance change fits into the stock's longer term profile. The combined handoff of the chair role to Kedia and the COO retirement reflects an active refresh of the top team rather than a single isolated move. As the board and management adjust to this new structure, an important question for investors is how consistently the company executes on its existing prior Show less Read more
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