- WIB PH
Whether it's raising money to build schools in Africa or creating programs internally to help advance the careers of women, the dozen women's networks at U.S. Bancorp strive to make a real difference in women's lives.
September 22 -
If banking is under attack, then chief financial officers are the defenders of the realm. Equipped with the numbers, they are uniquely positioned to bring the credible answers their stakeholders seek and the changes their companies need.
May 3
Kathy Rogers
Vice Chairman and Chief Financial Officer, U.S. Bancorp
Up until this year, Kathy Rogers worked mostly behind the scenes at U.S. Bancorp. As head of business line reporting and planning, Rogers was responsible for compiling the company's annual financial plan and helping develop its stress-testing models, and her boss, Chief Financial Officer Andrew Cecere, was the public face of the finance group.
Now that Cecere has been promoted to chief operating officer — putting him in line to possibly succeed Richard Davis as CEO — it's Rogers' turn to step up. A 27-year U.S. Bancorp veteran who was elevated to CFO in January, Rogers now sits on the company's 15-member management committee and participates in its quarterly earnings calls, alongside Davis and Cecere. The unit she runs employs more than 900 people and oversees such critical functions as corporate development, corporate treasury and investor relations.
It was a well-deserved promotion. In her prior role, Rogers served on a host of important internal committees, including the asset/liability committee, the economic scenario committee, the incentive compensation committee and the Basel steering committee — giving her input into many big decisions.
She also was in charge of the stress-testing process. On her watch the $419 billion-asset company has never received an objection to its capital plan and this year it was one of only two large or regional banks to show positive net income under severely stressed economic conditions.
Apart from running the financial operations for the nation's fifth-largest commercial bank, Rogers sits on the board of the Talbert House, a Cincinnati-based nonprofit that focuses on improving social behavior and helping individuals with behavioral issues reintegrate into society.
