Gunjan Kedia Appointed as First Woman CEO of U.S. Bancorp

Gunjan Kedia is set to break barriers in the financial industry by becoming the first woman to lead U.S. Bancorp as CEO, effective April 15, 2025. This marks a historic moment for the bank, which is one of the largest in the U.S., with over 70,000 employees and assets exceeding $678 billion. Her appointment comes after Andy Cecere, who served as CEO since 2017, announced his retirement. Cecere will remain with the company as executive chairman, supporting Kedia as she transitions into her new role.

Kedia, who currently serves as the President of U.S. Bancorp, has been instrumental in shaping the bank’s strategy and performance. In her 30-year career in the financial sector, she has held leadership roles at major firms such as State Street Financial and BNY Mellon, as well as serving in executive positions at McKinsey and PwC. Her expertise and leadership have earned her recognition as one of the most powerful women in banking, with seven listings on American Banker’s Most Powerful Women in Banking and Finance.

In a statement, Roland Hernandez, U.S. Bancorp’s Lead Independent Director, praised Kedia for her vision and leadership, expressing confidence that she will lead the company to new heights while respecting its legacy. Kedia herself expressed deep gratitude for the opportunity to steer the company, emphasizing that she would build on U.S. Bancorp’s strong foundation of integrity, customer service, and growth.

With a Master’s in Business Administration from Carnegie Mellon University and a Bachelor’s in Engineering from Delhi School of Engineering, Kedia’s educational background complements her extensive career. Additionally, she serves on the boards of several prestigious organizations, including PBS, the American Red Cross, and Carnegie Mellon’s Business School.

Kedia’s historic appointment highlights the growing presence of women in top executive roles in the finance sector, a space traditionally dominated by men. U.S. Bancorp’s move is seen as a step forward in promoting diversity and inclusion in corporate leadership, with Kedia’s leadership expected to inspire future generations of women in business.

As she prepares to take the helm, Kedia’s appointment signals a new chapter for U.S. Bancorp, one that blends innovation, integrity, and a commitment to positive change. Her leadership promises to guide the bank through the challenges and opportunities of the future while maintaining its reputation as one of America’s most trusted financial institutions.