Shailesh Kotwal to retire from U.S. Bank in first half of 2025
U.S. Bancorp (NYSE: USB) announced that Shailesh Kotwal, vice chair of Payment Services, plans to retire in the first half of 2025. Kotwal has been with the company for nearly a decade, contributing significantly to its growth and innovation in the payments sector. The bank will immediately begin searching for new Payment Services leadership to ensure a smooth transition. This early announcement allows ample time for a comprehensive search and seamless handover of responsibilities.
U.S. Bancorp (NYSE: USB) ha annunciato che Shailesh Kotwal, vice presidente dei Servizi di Pagamento, prevede di andare in pensione nella prima metà del 2025. Kotwal è con l'azienda da quasi un decennio, contribuendo in modo significativo alla sua crescita e innovazione nel settore dei pagamenti. La banca inizierà immediatamente a cercare una nuova leadership per i Servizi di Pagamento per garantire una transizione fluida. Questo annuncio anticipato consente di avere tempo sufficiente per una ricerca completa e un passaggio di responsabilità senza intoppi.
U.S. Bancorp (NYSE: USB) anunció que Shailesh Kotwal, vicepresidente de Servicios de Pagos, planea jubilarse en la primera mitad de 2025. Kotwal ha estado con la empresa durante casi una década, contribuyendo significativamente a su crecimiento e innovación en el sector de pagos. El banco comenzará de inmediato a buscar una nueva dirección para los Servicios de Pagos para garantizar una transición suave. Este anuncio anticipado permite disponer de tiempo suficiente para una búsqueda exhaustiva y una transferencia de responsabilidades sin problemas.
U.S. Bancorp (NYSE: USB)는 Shailesh Kotwal이 결제 서비스 부사장직에서 2025년 상반기에 은퇴할 계획이라고 발표했습니다. Kotwal은 거의 10년 동안 회사에 재직하며 결제 분야에서의 성장과 혁신에 크게 기여했습니다. 은행은 즉시 새로운 결제 서비스 리더십을 검색하기 시작할 것이며 원활한 전환을 보장합니다. 이 조기 발표는 포괄적인 검색과 원활한 책임 인수를 위한 충분한 시간을 허용합니다.
U.S. Bancorp (NYSE: USB) a annoncé que Shailesh Kotwal, vice-président des Services de Paiement, prévoit de prendre sa retraite dans la première moitié de 2025. Kotwal est avec l'entreprise depuis près d'une décennie, contribuant de manière significative à sa croissance et à son innovation dans le secteur des paiements. La banque commencera immédiatement à rechercher une nouvelle direction pour les Services de Paiement afin d'assurer une transition en douceur. Cette annonce anticipée permet d'avoir suffisamment de temps pour une recherche complète et un transfert transparent des responsabilités.
U.S. Bancorp (NYSE: USB) gab bekannt, dass Shailesh Kotwal, Vizevorsitzender der Zahlungsdienste, plant, in der ersten Hälfte des Jahres 2025 in den Ruhestand zu treten. Kotwal ist seit fast einem Jahrzehnt im Unternehmen und hat erheblich zu dessen Wachstum und Innovation im Zahlungssektor beigetragen. Die Bank wird sofort mit der Suche nach einer neuen Leitung für die Zahlungsdienste beginnen, um einen reibungslosen Übergang sicherzustellen. Diese frühzeitige Ankündigung ermöglicht ausreichend Zeit für eine umfassende Suche und einen nahtlosen Übergang der Verantwortlichkeiten.
- Early announcement provides ample time for leadership transition
- Opportunity to bring in fresh leadership for Payment Services division
- Loss of experienced executive in key Payment Services role
Search for new Payment Services leadership to begin immediately
“For nearly a decade, Shailesh has been a forward-looking champion of payments and money movement and a leader who has inspired our organization to expand its capabilities in a rapidly evolving area of the industry,” said Andy Cecere, U.S. Bancorp chairman and CEO. “He has been an advocate and friend, and we now have the opportunity to wish him well as he moves onto his next milestone: retirement.”
Kotwal, 60, will remain in his role for several months, and a search for new Payment Services leadership will begin immediately. He will work with the company to ensure a smooth transition for employees, clients and partners alike.
Kotwal has been with the bank since 2015, leading Payment Services and providing a key voice on the Board of Directors for Elavon Financial Services in
“We have grown our expertise, expanded our reach via partnerships, and brought innovation to millions of customers under Shailesh’s leadership,” said Gunjan Kedia, president of U.S. Bancorp. “We appreciate all Shailesh has done as payments transformed rapidly during his tenure, and we wish him all the best as he prepares for his well-earned retirement.”
About
U.S. Bancorp, with more than 70,000 employees and
View source version on businesswire.com: https://www.businesswire.com/news/home/20240821948153/en/
Investors:
George Andersen, director of investor relations,
george.andersen@usbank.com
Media:
David Palombi, executive vice president, chief communications officer,
david.palombi@usbank.com
Source: U.S. Bancorp
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