The Bank Slate


U.S. Bancorp vice chairman to retire in 2023

U.S. Bancorp in Minneapolis said its technology and operations leader will retire.

The $601 billion-asset company said in a press release that Jeff von Gillern, vice chair of technology and operations services, will step down in late 2023. He Gillern will remain with U.S. Bancorp as it integrates MUFG Union Bank.

“Jeff has helped to elevate our technology profile and reputation inside and outside the organization, and he has strengthened our focus on operations throughout his career with us,” said Andy Cecere, U.S. Bancorp’s chairman, president and CEO, said in the release.

“I have worked closely with Jeff for a long time, and his influence on our organization has gone far beyond his role,” Cecere added.

The company said that Dilip Venkatachari and Souheil Badran will join its executive team.

Venkatachari is U.S. Bancorp’s global chief information and technology officer. Badran, who recently was chief operating officer at Northwestern Mutual, will become the company’s chief operations officer in Dec. 15.

“Dilip and Souheil are experienced leaders who are known for their focus on transformation and continuous improvement,” Cecere said. “We look forward to their insights and perspectives that will help us continue to grow and deliver exceptional service at a dynamic time in our industry.”

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