US Bancorp Names Gunjan Kedia as Board Chair

Kedia to take over as chair after serving as CEO since 2025

Published on Mar. 2, 2026

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U.S. Bancorp, one of the largest superregional banks in the United States, has announced that Gunjan Kedia, the company's current CEO and president, will become the new chair of the board of directors in April 2026. Kedia, who is the first woman to serve as CEO of U.S. Bancorp, will take over the role from the current executive chairman, Andy Cecere, who is retiring from the board at that time.

Why it matters

Kedia's appointment as board chair represents a significant milestone for U.S. Bancorp and the banking industry, as she becomes one of the few women to hold the top leadership position at a major financial institution. Her transition to chair also highlights the company's confidence in her strategic vision and ability to guide the bank into the future.

The details

Gunjan Kedia joined U.S. Bancorp in 2016 and was named CEO in April 2025, after previously leading the company's Wealth, Corporate, Commercial and Institutional Banking business. She has more than 30 years of financial services experience, including roles at State Street Financial, BNY, McKinsey and Company, and PwC. Kedia holds a master's degree in business administration from Carnegie Mellon University and a bachelor's degree in engineering from the Delhi School of Engineering.

  • Kedia will assume the role of board chair in April 2026, after the annual meeting of shareholders.
  • Kedia became the CEO of U.S. Bancorp in April 2025.

The players

Gunjan Kedia

The first woman CEO of U.S. Bancorp, a leading superregional bank, and the incoming board chair.

Andy Cecere

The current executive chairman of U.S. Bancorp, who will retire from the board in April 2026.

Roland Hernandez

The lead independent director on the U.S. Bancorp board, who will continue in that role.

U.S. Bancorp

A leading superregional bank with approximately 70,000 employees and $692 billion in assets as of December 31, 2025.

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What they’re saying

“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.”

— Roland Hernandez, Lead Independent Director, U.S. Bancorp (americanbazaaronline.com)

“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.”

— Gunjan Kedia, Incoming Board Chair, U.S. Bancorp (americanbazaaronline.com)

What’s next

Kedia will officially assume the role of board chair at U.S. Bancorp's annual shareholder meeting in April 2026.

The takeaway

Gunjan Kedia's appointment as the first woman board chair of U.S. Bancorp, one of the largest superregional banks in the country, represents a significant milestone for gender diversity in the banking industry's top leadership positions.