U.S. Bank made several executive leadership changes, including a new external hire and the promotion of two executives.
“This has been an extraordinary year that has challenged us in unexpected ways and helped us refocus our efforts on the most critical priorities for our company now and into the future,” Andy Cecere, chairman, president and CEO of U.S. Bank, said. “We see more clearly than ever how necessary it is for us to emphasize our commitment to our people, the importance of diversity, equity and inclusion, and our dedication to truly transform our business for the future. The changes we are announcing today are designed to enhance our position and enable continued strategic growth for our employees, customers, communities and shareholders.”
Elcio Barcelos will be joining the company as its new senior executive vice president and chief human resources officer. Barcelos will report to Cecere. He comes to the bank from Fannie Mae, where he has worked since 2018 as senior vice president and chief people and places officer. Prior to that role, he worked in human resources and other executive leadership roles at DXC Technology, Hewlett Packard, Wells Fargo and Bank of America. Barcelos is a trustee of the board of directors for the American Foundation for the Blind. In his new role with U.S. Bank, Barcelos will oversee the human resources function and drive the bank’s talent strategy and operations.
The company also made its chief diversity officer role a direct report of the chairman, president and CEO. Greg Cunningham will continue to serve as chief diversity officer, reporting to Cecere, effective immediately. Cunningham also was promoted to senior executive vice president. A former EBONY Power 100 honoree, Cunningham joined the company in 2015, and his personal mission is to make diversity and inclusion a business imperative. He worked in community relations and marketing for 16 years at Target. He is a national board member of the UNCF.
In addition to these moves, U.S. Bank promoted Dominic Venturo to senior executive vice president and chief digital officer, reporting to Kate Quinn, vice chair and chief administrative officer. Venturo has 31 years of banking experience. He has spent the past 22 years with U.S. Bank in positions of increasing responsibility within innovation and product management.
Barcelos, Cunningham and Venturo all will serve on the company’s managing committee in their new roles.