U.S. Bancorp Names John Steward President of Retail Payment Solutions
February 11 2016 - 8:00AM
Business Wire
U.S. Bancorp (NYSE: USB), the fifth-largest commercial bank in
the United States, has named John Steward president of
its Retail Payment Solutions (RPS) division, which offers
credit, debit and prepaid payment solutions to consumers and small
businesses. The appointment follows earlier news of Tony Vuoto’s
retirement at the end of Q1 2016.
“During the course of Tony’s seven-year tenure at U.S. Bank, he
managed the business through one of the most turbulent times in the
history of the card industry,” said Shailesh Kotwal, vice chairman
of Payment Services at U.S. Bank. “He leaves the business
well-positioned to continue its momentum into the coming years. I
am confident that John’s leadership will build on Tony’s legacy and
fully leverage both the rich assets of the bank and the exciting
developments in payment technology and digital delivery to build
fantastic experiences for our customers and partners.”
Steward joins RPS from McKinsey & Company, where he
leveraged his deep payment industry expertise to help the firm’s
financial services and marketing clients thrive. Prior to this role
as a senior advisor, John’s career spanned the globe during 26
years at American Express where most recently he was executive vice
president of the company’s $5 billion international consumer and
small business services division, based in London. He was
responsible for the profitability and growth of the lending,
travel, and insurance businesses and had functional responsibility
for omni-channel marketing strategy, products, next generation
payments, rewards, and all digital platforms and analytics across
the entire business in 22 markets in Europe, Asia, the Americas,
and Australia and New Zealand. Prior to this role he led multiple
card issuing businesses in the U.S. and around the world. It is
this body of work that makes him so well-suited to lead RPS.
Steward holds a master’s of business administration degree from
the Wharton School, a master’s degree in international studies from
the University of Pennsylvania and a bachelor’s degree in Asian
studies from Northwestern University. He speaks English, German and
Mandarin.
About U.S. BankMinneapolis-based U.S. Bancorp (“USB”),
with $422 billion in assets as of December 31, 2015, is the parent
company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,133
banking offices in 25 states and 4,936 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160211005173/en/
U.S. BancorpHolly Maddox,
404-632-6088holly.maddox@usbank.com
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