internal
Gunjan Kedia
Chief Executive Officer and President
Executive
1 yr
6 reports
U.S. Bancorp ·USB
Three consumer, wholesale, and payments presidents report directly to CEO
Financial Services · Fortune #88 · Divisional structure · 76K employees · Minneapolis, MN
6
CEO span
↓ tighter than peers (avg 10)
6
Avg span
wide
2
Max depth
2 levels
3.7 yr
Avg tenure
67%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$28.7B
Net income
$7.6B
Total assets
$692.3B
Shares out
1.55B
Sourced from U.S. Bancorp DEF 14A · filed 2026-03-10 ↗ View on SEC
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U.S. Bancorp organizational chart
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Three major business leaders report directly to CEO Gunjan Kedia, with no COO layer. This page maps U.S. Bancorp’s divisional executive structure, highlights recent leadership transitions, and compares its unusually flat top team with peer banks.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Gunjan Kedia moved into Chief Executive Officer
Appointed CEO effective April 15, 2025
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to reduce CEO span and centralize operations oversight.
- Remove Executive Chairman Role Eliminate the transitional Executive Chairman position following Cecere’s departure.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Andrew Cecere
Executive Chairman
Executive
1 yr
0 reports
internal
John C. Stern
Vice Chair and Chief Financial Officer
Finance
3 yr
0 reports
internal
Jodi L. Richard
Vice Chair and Chief Risk Officer
Risk
4 yr
0 reports
internal
Stephen L. Philipson
Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking
Wholesale Banking
5 yr
0 reports
Elcio R.T. Barcelos
Senior Executive Vice President and Chief Human Resources Officer
Human Resources
2 yr
0 reports
internal
James L. Chosy
Senior Executive Vice President and General Counsel
Legal
6 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Gunjan Kedia $16.7M
- Base salary
- $1.14M
- Stock awards
- $11.50M
- Non-equity incentive
- $3.23M
- Pension change
- $453K
- Other
- $347K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
6×CEO base salary
3×NEO base salary
5×Director cash retainer
Stock ownership guidelines disclosed in proxy.
The businesses
How U.S. Bancorp divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Consumer and Business Banking
30K employees
President (Not disclosed)
Retail and small-business banking serving millions of U.S. consumers.
Wealth, Corporate, Commercial and Institutional Banking
20K employees
Vice Chair (Stephen L. Philipson)
Advisory, lending, and treasury services for corporate and institutional clients.
Risk Management
5K employees
Chief Risk Officer (Jodi L. Richard)
Enterprise risk, compliance, and regulatory oversight.
The thesis
Why this org is unusual
U.S.
Bancorp’s most distinctive feature is that its CEO directly oversees the three major revenue-producing business presidents without an intervening COO layer. The org chart shows a classic bank divisional model, with consumer, wholesale, and payments-related leadership sitting alongside risk, finance, HR, and legal. This concentrates accountability for P&L execution at the CEO level.
The structure reflects the bank’s regulatory environment: the Chief Risk Officer is a peer to the CFO and business heads, reinforcing independent risk oversight. The presence of an Executive Chairman during the 2025–2026 transition adds temporary depth at the top but does not change reporting lines. Overall depth is limited to four layers, which is relatively flat for a Fortune 100 financial institution.
- No COO role
- Risk reports directly to CEO
- Flat top structure
The comparison
How U.S. Bancorp stacks up
Compared with peers such as JPMorgan Chase and Bank of America, U.S. Bancorp operates with fewer management layers and no standing COO role. JPMorgan and Wells Fargo typically insert a COO or co-head layer between the CEO and major platforms, increasing depth but reducing CEO span. U.S. Bancorp instead favors direct …
C-suite size
Reporting depth
U.S. Bancorp
2 levels
5 levels
5 levels
6 levels
5 levels
Avg C-suite tenure
Has COO / Has CAIO
U.S. Bancorp — no COO — no CAIO
Current signals
What changed recently
The most significant change was Gunjan Kedia’s elevation to CEO in April 2025, with Andrew Cecere transitioning to Executive Chairman ahead of his 2026 retirement.
- promoted
- reorgAndrew Cecere Executive Chairman
Transitioned from CEO to Executive Chairman on April 15, 2025; retired from Board April 21, 2026
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-10
- CEO
- Gunjan Kedia
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 3.7 yr
First full year reflecting CEO transition from Cecere to Kedia.
Named executive officers (6)
- Gunjan Kedia - CEO since 2025
- Andrew Cecere - Executive Chairman since 2025
- John C. Stern - CFO since 2022
- Jodi L. Richard - CRO since 2021
- Stephen L. Philipson - Vice Chair since 2020
- Elcio R.T. Barcelos - CHRO since 2022
The board
Board of directors
2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.
Gunjan Kedia
Chair Inside
CEO, U.S. Bancorp
Roland A. Hernandez
Lead Indep. Independent
CEO, Hernandez Media Ventures
Frequently Asked Questions
Who is the CEO of U.S. Bancorp?
Gunjan Kedia has served as CEO since April 15, 2025.
What type of organizational structure does U.S. Bancorp use?
U.S. Bancorp uses a divisional structure organized around major banking lines.
How many direct reports does U.S. Bancorp's CEO have?
The CEO has six direct executive reports.
How has U.S. Bancorp's leadership changed recently?
The company elevated Gunjan Kedia to CEO in 2025 and transitioned Andrew Cecere to Executive Chairman before his 2026 retirement.
Does U.S. Bancorp have a COO?
No, U.S. Bancorp does not have a standing COO role.
Sources
- Company Proxy Statement, Mar 2026
- 8-K Filing, Jan 2026
- SEC EDGAR: U.S. Bancorp DEF 14A Proxy Statement
- SEC EDGAR: U.S. Bancorp 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). U.S. Bancorp organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/us-bancorp/MLA 9th
"U.S. Bancorp Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/us-bancorp/. Accessed .Chicago 17
Creately. "U.S. Bancorp Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/us-bancorp/.Original SEC source View on SEC ↗
U.S. Bancorp. DEF 14A. Filed 2026-03-10. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/36104/000110465926025844/tm261379-1_def14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/us-bancorp/ · last updated 2026-04-01