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Gunjan Kedia to chair U.S. Bancorp board
Kedia will assume office following the annual meeting of shareholders in April 2026.
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Staff Reporter - Sat, 28, Feb 2026
- 01:34 EST
- 24
Gunjan Kedia / Gunjan Kedia
Banking leader Gunjan Kedia is having a meteoric rise at the Minneapolis-based bank U.S. Bancorp. A month after being appointed CEO and president, Kedia has now been appointed chair of the bank’s board of directors.
Kedia, 55, will assume office following the annual meeting of shareholders in April 2026. She will replace Andy Cecere, who served as the company’s CEO since 2017 and as its chair since 2018.
Roland Hernandez, the board’s lead independent director, expressed admiration for Kedia’s work and said, “Gunjan is a remarkable leader who is well-respected by the board, her team and our stakeholders for her strategic acumen, client focus and ability to drive business performance. Most importantly, she understands the company’s culture and leads with a long-term perspective.”
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Hernandez continued, “The board of directors has tremendous confidence in her ability to execute and lead the board and the company into a dynamic future.”
Kedia joined U.S. Bancorp in 2016. She previously served as president of the company and led its wealth, corporate, commercial and institutional banking businesses.
With more than 30 years of experience in financial services, she has held senior global executive roles at State Street Financial and Bank of New York Mellon (BNY Mellon). Earlier in her career, she held leadership positions at McKinsey & Company and began her professional journey at PwC.
Kedia earned an MBA, with distinction, from Carnegie Mellon University’s Tepper School of Business and a bachelor’s degree in engineering, also with distinction, from the Delhi School of Engineering.
She currently serves on the boards of directors for PBS, the American Red Cross and Carnegie Mellon University’s Tepper School of Business.
Talking about her new role, Kedia remarked, “U.S. Bancorp is a respected and admired franchise, and our company is poised for success for generations to come. I am grateful for the support of our exceptional board of directors in being appointed to this role, and I am honored to lead the board and the company.”
She continued, “Our team will join me in delivering differentiated client experiences, continuing our legacy of governance and stewardship, driving industry-leading performance and creating value for the many shareholders who invest in us.”
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