U.S. Bank appointed new members to its executive leadership team to succeed Kate Quinn, vice chair and chief administrative officer, and Jim Kelligrew, vice chair of corporate and commercial banking, who will retire on June 30.
“We are proud of our longstanding history of attracting, developing and supporting talented leaders who position us for the future,” Andy Cecere, chairman, president and CEO of U.S. Bank, said. “That focus is what makes it possible for us to ensure strong succession plans are in place when leaders decide to pursue new paths in their lives for personal and professional reasons. It is why I’m confident we will continue to grow, create value and serve customers without disruption when leadership changes happen as they will during the next few months.”
Quinn has advanced the company strategically and reputationally on many fronts since joining U.S. Bank in 2013. She was repeatedly honored as one of the most powerful women in the banking industry. Kelligrew will be leaving the bank after 14 years of service. He led the company’s corporate and commercial banking team, expanded the bank’s capabilities and product offerings, and built customer relationships.
“Kate and Jim have dedicated their time, talent and leadership to the bank in many ways during the years, and we fully support their decisions to begin the next chapters in their lives. I appreciate their service and partnership, and I am grateful for how they have positioned us for growth and ongoing success,” Cecere said. “We have a strong succession plan in place for normal leadership changes such as these, and we will build on the foundations they have created to accelerate our future strategy.”
Terry Dolan will be promoted to vice chair and chief administration officer, succeeding Quinn, in addition to his current responsibilities as CFO. He has served as the company’s CFO since 2016 after leading the company’s wealth management and investment services division.
John Stern will be promoted to senior executive vice president and head of finance in May and is expected to become CFO on Sept. 1. He will join the company’s managing committee and report to Dolan. The two will be working closely together to ensure a smooth transition. Stern is currently the president of the company’s global corporate trust and custody business and was previously the corporate treasurer for nearly eight years.
Gunjan Kedia will assume an expanded leadership role, overseeing a combined wealth management and investment services and corporate and commercial banking organization. Kedia is a company vice chair and has been with U.S. Bank, leading wealth management and investment services, since 2016.
Reba Dominski and Stephen Philipson will also join the company’s managing committee as senior executive vice presidents. Dominskiare is executive vice president and chief corporate social responsibility officer. She will report to Dolan. Philipson, executive vice president and head of commercial product groups, will report to Kedia and assume broader leadership responsibilities in addition to his current role.
