U.S. Bancorp Announces Resignation of Chief Risk Officer Jodi L. Richard
US BANCORP \DE\
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Filing Summary
U.S. Bancorp (NYSE: USB) - Form 8-K Filing Event: Executive Departure (Item 5.02) Officer: Jodi L. Richard, Vice Chair and Chief Risk Officer Details: Resigned effective October 23, 2026, to accept a role at another publicly traded company. Resignation was not due to any disagreement with operations or policies. Interim Successor: Troy W. Remington, EVP and Chief Credit Officer, named interim Chief Risk Officer.
Comprehensive Analysis
Executive Departure Summary
On October 23, 2026, Jodi L. Richard notified U.S. Bancorp of her resignation from her role as Vice Chair and Chief Risk Officer, effective immediately.
Key Details
- Reason for Departure: Ms. Richard resigned to accept a position at another publicly traded company.
- Disagreements: The filing explicitly notes that her departure was not due to any disagreement with U.S. Bancorp regarding operations, policies, or practices.
- Succession Plan: Troy W. Remington, Executive Vice President and Chief Credit Officer, will serve as interim Chief Risk Officer while the company conducts a formal search for a permanent successor.
Market & Trading Impact
- Significance: Low. The departure appears routine and amicable, with an established credit/risk executive stepping in as interim CRO, mitigating immediate operational disruption.
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