U.S. Bancorp Names Dolan as CFO
June 13 2016 - 2:00PM
Dow Jones News
U.S. Bancorp promoted Terry Dolan, its wealth management and
securities services head, to the role of chief financial officer on
Monday.
Mr. Dolan will replace Kathy Rogers, who is stepping down from
the job at the beginning of August because of "changing family
circumstances" after more than a year in the role, a news release
said. She will stay at the Minneapolis-based bank and will head up
its submissions to the Federal Reserve for its annual stress
tests.
The appointment of Mr. Dolan comes at a time when the bank has
ramped up succession planning for longtime Chief Executive Richard
Davis. In January, Chief Operating Officer Andrew Cecere was given
the additional title of president.
Mr. Dolan, a U.S. Bank veteran and licensed pilot, has been vice
chairman and the head of wealth management and securities services
since 2010.
Like others, the fifth-largest bank in the U.S. by assets has
faced challenges from low interest rates and a slow-growing
economy.
Write to Rachel Louise Ensign at rachel.ensign@wsj.com
(END) Dow Jones Newswires
June 13, 2016 13:45 ET (17:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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