U.S. Bancorp President Gunjan Kedia Named Bank’s First Women Chief Executive Officer
- With this appointment, the 54-year-old Indian American industry veteran joins only a handful of female CEOs in the finance sector.
U.S. Bancorp has appointed president Gunjan Kedia as its chief executive officer, effective April 15, becoming the first woman in the bank’s history to take up the role. She will replace Andy Cecere, who served as the company’s CEO since 2017 and as its chairman since 2018. With this appointment, the 54-year-old Indian American joins only a handful of female CEOs in the finance sector.
In a statement, Kedia described U.S. Bancorp “a truly special place that allows us to do meaningful work and build lasting relationships with millions of clients who are navigating some of the most important moments in their lives and organizational journeys. She said she’s “deeply honored to be trusted to lead this iconic company.” She promised to “build on a solid foundation of integrity and doing business the right way to drive growth. These values will continue to guide us toward an ambitious future – one we will build together.”
The industry veteran joined U.S. Bancorp in 2016 and “has been an influential leader within the bank, most recently serving as president and overseeing the revenue lines,” the bank announced said. She has spent nearly 30 years in financial services, serving in global executive positions at State Street Financial and BNY, as well as holding leadership roles at McKinsey and Company and PwC.
She is a seven-time honoree on the American Banker Most Powerful Women in Banking and Finance lists and has been named twice to the Barron’s 100 Most Influential Women in U.S. Finance list.
She holds a master’s degree in business administration with distinction from Carnegie Mellon University and a bachelor’s degree in engineering, also with distinction, from the Delhi School of Engineering. She sits on the board of directors for PBS, American Red Cross and Carnegie Mellon Business School.