MINNEAPOLIS--(BUSINESS WIRE)--Jun. 16, 2017--
U.S. Bank, the fifth-largest commercial bank in the United States,
announced today that Tim Welsh will join the organization as vice
chairman of Consumer Banking Sales and Support on July 10.
Welsh replaces Kent Stone, who announced his retirement from the company
earlier this year.
“Tim is a well-known and highly regarded strategic thought leader in the
financial services industry,” said Andy Cecere, president and chief
executive officer of U.S. Bank. “He is a strong fit for our culture, and
his appointment to this role will enable us to continue to position the
company for ongoing, sustainable growth.”
Welsh will report to Cecere in his new role, and will oversee the
company’s overall consumer and small business strategy and product
management functions, 24-hour banking, mortgage, and consumer lending
and digital activities.
“Tim’s in-depth knowledge of the consumer and the ever-evolving
expectations customers have for their experience with a financial
institution are directly in line with our vision at U.S. Bank,” Cecere
continued. “His perspective is a great complement to our leadership
team.”
Welsh joins U.S. Bank from McKinsey & Co., where he most recently served
as a senior partner. He has 26 years of experience at McKinsey,
specializing in financial services and the consumer experience. He is
one of only 30 senior partners elected to serve on McKinsey’s
Shareholders Council, which is the firm’s Board of Directors. Welsh is
an industry expert who has worked closely with the bank for the past 10
years.
Welsh is a bold advocate for the community. He is a founder of the
Itasca Project, a dedicated team of business, government and
not-for-profit leaders who are working to improve the quality of life in
Minneapolis and St. Paul. He is a board chair for Greater Twin Cities
United Way, president of the board of trustees at St. Paul Academy and
Summit School, and a past chair of the board for Greater MSP, among
others. He holds a master’s of business administration degree from
Harvard Business School and a bachelor’s degree in social studies from
Harvard University.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $450 billion in assets as of March 31, 2017, is the parent company
of U.S. Bank National Association, the fifth-largest commercial bank in
the United States. The company operates 3,091 banking offices in 25
states and 4,838 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170616005616/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Rebekah Fawcett, 612-303-9986
rebekah.fawcett@usbank.com
Twitter
@usbank_news