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U.S. Bancorp announces leadership changes in corporate functions

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U.S. Bancorp (NYSE: USB) has announced the promotion of Adam Graves to senior executive vice president and head of enterprise strategy and administration. Graves, 47, who has served as head of strategy and corporate development since 2023, will expand his responsibilities to include corporate real estate and procurement, marketing, analytics and customer experience, public affairs and communications, and strategy and administration risk.

Previously the head of finance strategy and corporate development for five years, Graves began his career at Goldman Sachs's investment banking division. The University of Michigan alumnus will report to CEO Gunjan Kedia and join the company's managing committee, which consists of senior executives leading revenue lines and corporate functions.

U.S. Bancorp (NYSE: USB) ha annunciato la promozione di Adam Graves a vicepresidente esecutivo senior e responsabile della strategia e dell'amministrazione aziendale. Graves, 47 anni, che dal 2023 ricopre il ruolo di responsabile della strategia e dello sviluppo aziendale, amplierà le sue responsabilità includendo il settore immobiliare aziendale e gli acquisti, il marketing, l'analisi e l'esperienza cliente, gli affari pubblici e le comunicazioni, oltre alla gestione del rischio legata alla strategia e all'amministrazione.

In precedenza responsabile della strategia finanziaria e dello sviluppo aziendale per cinque anni, Graves ha iniziato la sua carriera nella divisione investment banking di Goldman Sachs. Laureato all'Università del Michigan, risponderà direttamente al CEO Gunjan Kedia e entrerà a far parte del comitato direttivo dell'azienda, composto da dirigenti senior che guidano le linee di ricavo e le funzioni aziendali.

U.S. Bancorp (NYSE: USB) ha anunciado el ascenso de Adam Graves a vicepresidente ejecutivo senior y jefe de estrategia y administración empresarial. Graves, de 47 años, quien ha sido responsable de estrategia y desarrollo corporativo desde 2023, ampliará sus responsabilidades para incluir bienes raíces corporativos y adquisiciones, marketing, análisis y experiencia del cliente, asuntos públicos y comunicaciones, así como la gestión de riesgos en estrategia y administración.

Anteriormente jefe de estrategia financiera y desarrollo corporativo durante cinco años, Graves comenzó su carrera en la división de banca de inversión de Goldman Sachs. Graduado de la Universidad de Michigan, reportará al CEO Gunjan Kedia y se unirá al comité directivo de la empresa, formado por ejecutivos senior que lideran las líneas de ingresos y las funciones corporativas.

U.S. Bancorp (NYSE: USB)Adam Graves를 수석 부사장 겸 기업 전략 및 관리 책임자로 승진시켰다고 발표했습니다. 47세인 Graves는 2023년부터 전략 및 기업 개발 책임자로 근무해 왔으며, 앞으로 기업 부동산 및 조달, 마케팅, 분석 및 고객 경험, 홍보 및 커뮤니케이션, 전략 및 관리 리스크까지 업무 범위를 확대할 예정입니다.

그는 이전에 5년간 재무 전략 및 기업 개발 책임자를 맡았으며, 골드만 삭스 투자은행 부서에서 경력을 시작했습니다. 미시간 대학교 출신인 그는 CEO Gunjan Kedia에게 보고하며, 수익 부문과 기업 기능을 이끄는 고위 임원들로 구성된 경영 위원회에 합류할 예정입니다.

U.S. Bancorp (NYSE: USB) a annoncé la promotion de Adam Graves au poste de vice-président exécutif senior et responsable de la stratégie et de l'administration d'entreprise. Graves, 47 ans, qui occupe le poste de responsable de la stratégie et du développement corporatif depuis 2023, verra ses responsabilités élargies pour inclure l'immobilier d'entreprise et les achats, le marketing, l'analyse et l'expérience client, les affaires publiques et la communication, ainsi que la gestion des risques liés à la stratégie et à l'administration.

Auparavant responsable de la stratégie financière et du développement d'entreprise pendant cinq ans, Graves a débuté sa carrière dans la division banque d'investissement de Goldman Sachs. Diplômé de l'Université du Michigan, il rendra compte directement au PDG Gunjan Kedia et rejoindra le comité de direction de l'entreprise, composé de cadres supérieurs supervisant les lignes de revenus et les fonctions corporatives.

U.S. Bancorp (NYSE: USB) hat die Beförderung von Adam Graves zum Senior Executive Vice President und Leiter der Unternehmensstrategie und -verwaltung bekannt gegeben. Graves, 47 Jahre alt, der seit 2023 die Leitung für Strategie und Unternehmensentwicklung innehat, wird seine Verantwortlichkeiten erweitern und künftig auch Unternehmensimmobilien und Beschaffung, Marketing, Analytik und Kundenerfahrung, öffentliche Angelegenheiten und Kommunikation sowie Strategie- und Verwaltungsrisiken übernehmen.

Zuvor war er fünf Jahre lang Leiter der Finanzstrategie und Unternehmensentwicklung. Seine Karriere begann er in der Investmentbanking-Abteilung von Goldman Sachs. Der Absolvent der University of Michigan wird direkt an CEO Gunjan Kedia berichten und dem Führungsausschuss des Unternehmens beitreten, der aus leitenden Führungskräften besteht, die die Umsatzbereiche und Unternehmensfunktionen leiten.

Positive
  • Strategic leadership expansion with experienced executive promotion
  • Internal promotion indicates strong succession planning
  • Addition of broader operational oversight under single leadership
Negative
  • None.

Adam Graves promoted to Managing Committee

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Adam Graves has been promoted to serve as senior executive vice president and head of enterprise strategy and administration.

Graves, 47, has been the company’s head of strategy and corporate development since 2023, having previously served for five years as its head of finance strategy and corporate development. An alumnus of the University of Michigan, Graves spent the majority of his early career in positions of increasing leadership responsibility in the investment banking division of Goldman Sachs. In his new role, he will continue to oversee strategy and corporate development and will add corporate real estate and procurement; marketing, analytics and customer experience; public affairs and communications; and strategy and administration risk to his purview.

“Adam is an exceptional leader who moves boldly and with pace, and he is well suited to lead our strategy and administration team to new heights in the days to come,” said Gunjan Kedia, U.S. Bank president and chief executive officer. “I appreciate his drive to accelerate growth and to focus on building our brand and reputation with key stakeholders as we create value for our investors.”

Graves will report to Kedia and serve on the company’s managing committee, which is comprised of senior executives who lead the company’s revenue lines and corporate functions.

About U.S. Bank

U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.

Investors:

George Andersen, director of investor relations, U.S. Bancorp Investor Relations

george.andersen@usbank.com

Media:

Jeff Shelman, senior vice president and head of external enterprise communications, U.S. Bank Public Affairs and Communications

jeffrey.shelman@usbank.com

Source: U.S. Bancorp

FAQ

What role has Adam Graves been promoted to at U.S. Bancorp (USB)?

Adam Graves has been promoted to senior executive vice president and head of enterprise strategy and administration at U.S. Bancorp.

What are Adam Graves' new responsibilities at USB in 2024?

Graves will oversee strategy and corporate development, corporate real estate and procurement, marketing, analytics and customer experience, public affairs and communications, and strategy and administration risk.

What was Adam Graves' previous position at U.S. Bancorp?

He served as head of strategy and corporate development since 2023, and before that as head of finance strategy and corporate development for five years.

Who will Adam Graves report to in his new role at USB?

Graves will report to U.S. Bank CEO Gunjan Kedia and serve on the company's managing committee.
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