U.S. Bancorp has promoted Andrew Cecere, currently vice chairman and COO, to president.

As president and COO, Cecere will continue his responsibilities for U.S. Bank’s core lines of business, including consumer and small business banking, wholesale banking and commercial real estate, payment services, wealth management and securities services. Cecere will continue to report to Richard Davis, chairman and CEO of U.S. Bank.

“Promoting Andy to president is a logical next step in his executive progression,” Davis said. “He has demonstrated years of steady leadership and has earned the confidence of the board and the respect of his colleagues. He has a 30-year track record of delivering outstanding results. As chief operating officer, he has excelled at implementing a strategy that unifies the customer experience and makes U.S. Bank the most trusted choice because of our strength and stability. The board and I have tremendous confidence in Andy and his ability to manage our businesses effectively.”

Cecere has been with U.S. Bank since 1985. He has served as vice chairman and COO since January of 2015. Prior to that, he served as vice chairman and chief financial officer, and vice chairman of Wealth Management and Securities Services.

“I am intensely proud of U.S. Bank and its 67,000 hard-working and dedicated people,” Cecere said. “I appreciate the vote of confidence from Richard and the board to be named president. We will continue to create value for our shareholders, customers, employees and communities as we pursue our vision for the future together.”