Minneapolis-based U.S. Bank announced several updates to previous leadership changes effective Sept. 1.
Vice Chair and CFO Terrance Robert Dolan will become a vice chair and chief administration officer overseeing the $681 billion company’s combined chief administration office. Senior Executive Vice President and Head of Finance John Stern will become SEVP and CFO.
Also, Vice Chair of Technology and Operations Services Jeff von Gillern will retire on Sept. 1. He had announced his intention to retire last November, but has stayed to guide the company through a systems integration related to its acquisition of MUFG Union Bank. Von Gillern is expected to remain as an adviser to CEO Andrew Cecere through the end of the year as his remaining daily responsibilities transition to Chief Information and Technology Officer Dilip Venkatachari at the beginning of September.
“Our succession planning efforts have enabled us to move quickly and prudently to ensure continuity of leadership and service as senior executives have made personal and professional choices in their careers,” Cecere said. “Today’s moves reflect confidence in our path forward and will continue to ensure our strength and stability as an organization as we lead into the future.”