U.S. Bancorp, the parent of U.S. Bank National Association, has appointed Terry Dolan as its new vice chairman and CFO.
Dolan will replace Kathy Rogers, who has stepped down from the position due to personal reasons.
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However, Rogers will continue in her previous capacity as head of the stress test process, and will be based in Cincinnati, the bank said.
Dolan, currently vice chairman of Wealth Management & Securities Services, will assume the new role on 1 August. He will report to U.S. Bancorp chairman and CEO Richard Davis.
"Terry is an exceptional leader who has held a variety of high-profile roles at the bank with a strong track record of delivering outstanding results. Terry will seamlessly transition into the CFO role, given his extensive financial background and the diverse experiences he has had with the bank," Davis said.
Dolan has been working at U.S. Bank for about 18 years, and holding the role of vice chairman of Wealth Management & Securities Services since July 2010. Before this, he was the executive vice president and controller at U.S. Bank.
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By GlobalDataHe also led other significant functions such as accounting and related operations, finance, tax, corporate insurance, corporate development and business integration, and was responsible for managing merger and acquisition activities.
The bank said that the process to appoint a successor for Dolan’s Wealth Management & Securities Services role is underway.
