U.S. Bancorp Promotes Gunjan Kedia to President
Provided by
Dow Jones
By Sabela Ojea
U.S. Bancorp said named Gunjan Kedia as the president of the bank.
The lender on Friday said that Andrew Cecere would no longer serve as president, but would continue holding the chief executive and chairman of the board positions.
Kedia had most recently served as U.S. Bancorp's vice chair of wealth, corporate, commercial and institutional banking of U.S. Bancorp and U.S. Bank.
She will receive a base annualized salary of $1 million, effective immediately, and would be eligible to receive an annual cash incentive award with a target value of 250% of her base salary.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
May 03, 2024 14:59 ET (18:59 GMT)
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