MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bank announced a number of executive leadership changes now, including a brand new outside hire and promoting crucial talent to wider functions.
“This has been an extraordinary year that has challenged us in unexpected ways and helped us refocus our efforts on the most critical priorities for our company now and into the future,” stated Andy Cecere, U.S. Bank chairman, president and CEO. “We see more clearly than ever how necessary it is for us to emphasize our commitment to our people, the importance of diversity, equity and inclusion, and our dedication to truly transform our business for the future. The changes we are announcing today are designed to enhance our position and enable continued strategic growth for our employees, customers, communities and shareholders.”
Elcio Barcelos will likely be joining the firm as its senior executive vice president and chief human resources officer. Barcelos will report to Cecere. He comes to the bank in Fannie Mae, in which he’s worked because 2018 as senior vice president and chief people and areas officer. Prior to this job, he worked in human resources along with other executive leadership functions in DXC Technology, Hewlett Packard, Wells Fargo and Bank of America. He’s a bachelor’s degree in business management from the University of Santa Amaro at Sao Paulo, Brazil, and is currently a trustee of the board of directors to the American Foundation for the Blind. In his new function, Barcelos will oversee the human resources work and push the bank’s ability strategy and processes.
The business also has made a decision to elevate its own strategy to equity, diversity and inclusion, which makes its own chief diversity officer function an immediate accounts of the chairman, president and CEO. Greg Cunningham will continue to function as chief diversity officer, reporting to Cecere, effective immediately. He will be encouraged to senior executive vice president. A former EBONY Power 100 honoree, Cunningham joined the business in 2015, along with also his personal mission is to produce diversity and inclusion a business critical. He worked in community relations and promotion for 16 years in Goal and holds a master’s of business administration degree from Fordham University and a bachelor’s degree from Clark Atlanta University. He’s national board member of the UNCF.
Along with these moves, Dominic Venturo is going to be encouraged to senior executive vice president and chief digital officer, reporting to Kate Quinn, vice chair and chief administrative officer. Venturo attracts 31 years of banking experience to his new job. He’s spent the past 22 years using U.S. Bank in positions of increasing responsibility in creation and product administration. He’s a graduate of the Pacific Coast Banking School and also an alumnus of Oregon State University.
Barcelos, Cunningham and Venturo will function on the company’s managing committee in their new functions.
Around U.S. Bank
U.S. Bancorp, using greater than 70,000 workers and $547 billion in assets as of June 30, 2020, is the parent firm of U.S. Bank National Association, the fifth-largest commercial bank at the USA. The Minneapolis-based bank combines its connection teams, branches and ATM network using cellular and internet tools that enable clients to bank how, when and wherever they favor. U.S. Bank is dedicated to serving its countless retail, business, wealth management, payment, corporate and commercial, and investment solutions clients throughout the nation and around the globe as a reliable financial partner, a dedication recognized from the Ethisphere Institute naming the bank among those 2020 World’s Most Ethical businesses. Visit U.S. Bank in www.usbank.com or follow social websites to remain current with business news.