U.S. Bancorp Management

Management criteria checks 2/4

U.S. Bancorp's CEO is Andy Cecere, appointed in Apr 2017, has a tenure of 7.58 years. total yearly compensation is $22.92M, comprised of 5.9% salary and 94.1% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth ARS63.40B. The average tenure of the management team and the board of directors is 5.2 years and 7.1 years respectively.

Key information

Andy Cecere

Chief executive officer

US$22.9m

Total compensation

CEO salary percentage	5.9%
CEO tenure	7.6yrs
CEO ownership	0.08%
Management average tenure	5.2yrs
Board average tenure	7.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Cecere's remuneration changed compared to U.S. Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$5b
Jun 30 2024	n/a	n/a	US$5b
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	US$23m	US$1m	US$5b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$16m	US$1m	US$6b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$7b
Dec 31 2021	US$19m	US$1m	US$8b
Sep 30 2021	n/a	n/a	US$7b
Jun 30 2021	n/a	n/a	US$7b
Mar 31 2021	n/a	n/a	US$6b
Dec 31 2020	US$17m	US$1m	US$5b
Sep 30 2020	n/a	n/a	US$5b
Jun 30 2020	n/a	n/a	US$5b
Mar 31 2020	n/a	n/a	US$6b
Dec 31 2019	US$19m	US$1m	US$7b
Sep 30 2019	n/a	n/a	US$7b
Jun 30 2019	n/a	n/a	US$7b
Mar 31 2019	n/a	n/a	US$7b
Dec 31 2018	US$13m	US$1m	US$7b
Sep 30 2018	n/a	n/a	US$7b
Jun 30 2018	n/a	n/a	US$6b
Mar 31 2018	n/a	n/a	US$6b
Dec 31 2017	US$12m	US$942k	US$6b

Compensation vs Market: Andy's total compensation ($USD22.92M) is above average for companies of similar size in the AR market ($USD5.71M).

Compensation vs Earnings: Andy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Andy Cecere (63 yo)

7.6yrs

Tenure

US$22,916,957

Compensation

Mr. Andrew J. Cecere, also known as Andy, has been the Chief Executive Officer of U.S. Bancorp and U.S. Bank National Association since April 18, 2017 and January 19, 2016 respectively and served as their...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman & CEO	7.6yrs	US$22.92m	0.080% ARS 63.4b
Gunjan Kedia	President and Vice Chairman of Wealth	less than a year	US$5.75m	0.015% ARS 11.8b
John Stern	Senior Executive VP & CFO	1.2yrs	US$2.90m	0.0045% ARS 3.6b
Terrance Dolan	Chief Administration Officer & Vice Chair	1.2yrs	US$8.58m	0.014% ARS 11.1b
Shailesh Kotwal	Vice Chairman of Payment Services	9.7yrs	US$5.41m	0.0087% ARS 6.9b
Souheil Badran	Senior EVP & COO	1.9yrs	no data	0.0015% ARS 1.2b
Jennifer Thompson	EVP, Head of Corporate Finance and Director of Investor Relations & Economic Analysis	no data	no data	no data
Dilip Venkatachari	Senior EVP and Chief Information & Technology Officer	6.2yrs	no data	0.0042% ARS 3.4b
James Chosy	Senior EVP & General Counsel	11.7yrs	no data	0.013% ARS 10.1b
David Palombi	Global Chief Communications Officer - Public Affairs & Communications	no data	no data	no data
Elcio R. Barcelos	Senior EVP & Chief Human Resources Officer	4.2yrs	no data	0.0020% ARS 1.6b
Erica Opstad	Senior Vice President	19.8yrs	no data	no data

5.2yrs

Average Tenure

59yo

Average Age

Experienced Management: USB's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman & CEO	7.8yrs	US$22.92m	0.080% ARS 63.4b
Jeffrey Jones	Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bank	no data	no data	no data
John Wiehoff	Independent Director	4.8yrs	US$330.02k	0% ARS 0
Warner Baxter	Independent Director	8.9yrs	US$322.52k	0% ARS 0
Roland Hernandez	Lead Independent Director	12.8yrs	US$332.52k	0% ARS 0
Dorothy Bridges	Independent Director	6.1yrs	US$321.02k	0% ARS 0
Richard McKenney	Independent Director	7.1yrs	US$303.52k	0.0013% ARS 1.0b
Kimberly Harris	Independent Director	10.1yrs	US$306.02k	0% ARS 0
Elizabeth Buse	Independent Director	6.4yrs	US$337.52k	0% ARS 0
Yusuf Mehdi	Independent Director	6.4yrs	US$314.52k	0% ARS 0
Scott Wine	Independent Director	10.3yrs	US$306.02k	0.0020% ARS 1.6b
Kimberly Ellison-Taylor	Independent Director	3.8yrs	US$302.52k	0% ARS 0

7.1yrs

Average Tenure

62yo

Average Age

Experienced Board: USB's board of directors are considered experienced (7.1 years average tenure).

U.S. Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

Aleem Gillani Joins U.S. Bancorp Board of Directors

U.S. Bancorp Announces Executive Changes

U.S. Bancorp Announces New Leaders for its WCIB business

U.S. Bancorp Appoints Gunjan Kedia as President

U.S. Bancorp Appoints Bill Mulvihill as Head for Loan Capital Markets

U.S. Bancorp, Annual General Meeting, Apr 16, 2024

Recent updates

U.S. Bancorp Announces Structural Changes for Payments Business

U.S. Bancorp Announces Structural Changes for Payments Business

U.S. Bancorp to Report Q3, 2024 Results on Oct 16, 2024

U.S. Bancorp (NYSE:USB) announces an Equity Buyback for $5,000 million worth of its shares.

U.S. Bank Unveils Two New U.S. Bank Smartly Products

Aleem Gillani Joins U.S. Bancorp Board of Directors

U.S. Bancorp Plans to Increase Quarterly Common Stock Dividend for the Fourth Quarter of 2024

U.S. Bancorp Announces Executive Changes

U.S. Bancorp to Report Q2, 2024 Results on Jul 17, 2024

U.S. Bancorp Announces Quarterly Dividend, Payable on July 15, 2024

U.S. Bancorp Announces New Leaders for its WCIB business

U.S. Bancorp Appoints Gunjan Kedia as President

U.S. Bancorp to Report Q1, 2024 Results on Apr 17, 2024

U.S. Bancorp Declares Regular Quarterly Dividend, Payable on April 15, 2024

U.S. Bancorp Appoints Bill Mulvihill as Head for Loan Capital Markets

U.S. Bancorp, Annual General Meeting, Apr 16, 2024

U.S. Bancorp Declares Regular Quarterly Dividend, Payable on January 16, 2024

U.S. Bancorp Provides Earnings Guidance for the Fourth Quarter 2023

U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office

U.S. Bancorp to Report Q3, 2023 Results on Oct 18, 2023

U.S. Bank Appoints Kai Sakstrup as Chief Product Officer for Its Wealth, Corporate, Commercial and Institutional Banking Division, Effective October 1, 2023

U.S. Bancorp Appoints Joe Persichetti as Head of Healthcare Business Banking

U.S. Bancorp Announces Quarterly Dividend, Payable on October 16, 2023

U.S. Bancorp Appoints Shruti Patel as Chief Product Officer

U.S. Bancorp Announces Chief Financial Officer Changes, Effective September 1, 2023

U.S. Bancorp announced that it expects to receive $936 million in funding from Mitsubishi UFJ Financial Group, Inc.

U.S. Bancorp announced that it expects to receive $936 million in funding from Mitsubishi UFJ Financial Group, Inc.

U.S. Bancorp Announces Total Net Charge-Offs for the Quarter Ended June 30, 2023

U.S. Bancorp Names Evamarie Schoenborn as CEO of Wealth Management Units

U.S. Bancorp to Report Q2, 2023 Results on Jul 19, 2023

U.S. Bank Unveils Travelbank-Powered Commercial Rewards Card

U.S. Bancorp Declares Regular Quarterly Dividend on Common Share, Payable July 17, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age