MINNEAPOLIS--(BUSINESS WIRE)--Apr. 26, 2017--
U.S. Bank, the fifth-largest commercial bank in the United States,
announced today that one of its executive leaders will be taking on an
expanded role and another will be retiring from the company this summer.
Kate Quinn, executive vice president and chief strategy and reputation
officer, has been promoted to vice chairman and chief administrative
officer. In this role, she will oversee all strategy, reputation and
human resources work and report to Andy Cecere, president and chief
“One of the greatest strengths we have as an organization is our ability
to stay a step ahead. We see and predict what will happen around us in
an ever-changing world and adapt our business to meet the need,” said
Cecere, president and chief executive officer. “As I became CEO, I
wanted to be sure we were organized in a way that would accelerate our
ability to tackle our growth strategy, maintain our position as the most
trusted choice, deliver a unified customer experience and get better
every day. We already have a strong team leading the way in our Managing
Committee, and I believe we can build on that strength by aligning our
executive talent in a new way.
“Reputation, strategy and HR are linked in many ways,” he continued.
“Bringing them under one business area will help us think and act more
holistically so our culture aligns as closely as possible with what we
promise to do for employees, customers, shareholders and communities.”
Quinn joined U.S. Bank in 2013 to lead the company’s reputation and
strategy efforts. Prior to that role, she worked in executive positions
at WellPoint, Inc. (now Anthem, Inc.) and The Hartford. She has nearly
30 years of experience in strategy, brand, reputation and
culture-building in organizations.
Meanwhile, Kent Stone, vice chairman of Consumer Banking Sales and
Support, has announced his intention to retire from the company this
“Kent is well known around the company and the industry, and we
appreciate the service he has provided to the company and our customers
for the past 30 years,” Cecere said.
A search for Stone’s replacement will begin immediately, and Stone will
assist with the transition.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $450 billion in assets as of March 31, 2017, is the parent company
of U.S. Bank National Association, the fifth-largest commercial bank in
the United States. The company operates 3,091 banking offices in 25
states and 4,838 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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Source: U.S. Bank
Rebekah Fawcett, 612-303-9986
U.S. Bank Corporate