U.S. Bancorp Promotes Two Execs to Co-Lead Wholesale Banking

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U.S. Bancorp has tapped two executives to co-head its wholesale banking division as vice chairs.

The $410 billion-asset company named Leslie Godridge and Jim Kelligrew to the positions, effective Jan. 1, according to a Wednesday news release. They will succeed Richard Payne, who plans to retire this spring.

Godridge and Kelligrew also joined U.S. Bancorp's 15-person management committee. They will report to Andy Cecere, chief operating officer.

Godridge had led U.S. Bancorp's corporate and institutional banking unit since 2007, when she joined the company. She previously worked for Bank of New York Mellon and IBM. Kelligrew joined U.S. Bancorp in 2009 and was previously head of fixed income and capital markets. He has worked at Wells Fargo, Bank of America and Lehman Brothers.

In her new role, Godridge will supervise national corporate banking, global treasury management, public and nonprofit finance, and commercial customer service and wholesale support. Kelligrew will oversee middle-market banking, commercial real estate, specialized finance, administration and risk management, and fixed income and capital markets.

Payne had been vice chair of wholesale banking since 2010. He joined the company in 2006 as vice chair and head of corporate banking. Payne has also worked at National City, Wachovia, Bank of America, Morgan Stanley and Chemical Bank.

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