U.S. Bank announced that Andrew Cecere, currently Vice Chairman and Chief Financial Officer (CFO), has been promoted to Vice Chairman and Chief Operating Officer (COO) and will be responsible for U.S. Bank's core lines of business: Consumer and Small Business Banking, Wholesale Banking and Commercial Real Estate, Payment Services, and Wealth Management and Securities Services. Cecere will continue to report to Richard Davis, Chairman, President, and Chief Executive Officer, U.S. Bank. Kathy Ashcraft Rogers, currently Executive Vice President, Business Line Planning & Reporting, will succeed Cecere as Vice Chairman and Chief Financial Officer.

Rogers has been with U.S. Bank for 28 years and has served in a variety of leadership roles within the Finance organization. She will report to Davis and join the Managing Committee, which consists of the 14 most senior leaders at U.S. Bank. Kate Quinn, Executive Vice President of Strategy and Corporate Affairs, U.S. Bank, has also been promoted and will join the Managing Committee and report to Davis.

Cecere has been with U.S. Bank since 1985. He has served as Vice Chairman and CFO since 2007.