Andy Cecere, the new CEO of U.S. Bancorp, is beginning to put his stamp on the executive team.
The Minneapolis company on Wednesday announced that Kate Quinn, previously chief strategy and reputation officer, has been promoted to chief administrative officer. The newly created role for Quinn, who joined the company in 2013, adds human resources to the departments under her purview. She reports directly to Cecere.
Cecere said that consolidating the three functions — strategy, reputation and human resources — under one department was a priority for him when he took over as CEO last week, succeeding Richard Davis.
"Bringing them under one business area will help us think and act more holistically so our culture aligns as closely as possible with what we promise to do for employees, customers, shareholders and communities,” Cecere said in a news release.
Quinn was named as one of the 25 Most Powerful Women to Watch by American Banker in 2016.
Additionally, U.S. Bancorp said that Kent Stone, vice chairman of consumer banking sales and support, will retire this summer. Stone has held the vice chairman title for four years; he joined the company in 1991.
A search for Stone’s replacement will begin immediately, according to the $450 billion-asset company.