U.S. Bancorp (USB) Appoints Toby Clements as Chief Operations Officer

U.S. Bancorp (NYSE:USB) is included among the 14 Safest Stocks with Highest Dividends.

U.S. Bancorp (USB) Appoints Toby Clements as Chief Operations Officer

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On March 26, U.S. Bancorp (NYSE:USB) announced that Toby Clements will take on the role of senior executive vice president and chief operations officer. He is expected to oversee client service centers and global operations teams, leading more than 16,000 employees. He will report to CEO Gunjan Kedia, with the appointment effective April 13.

Clements will also join the company’s managing committee and succeed Souheil Badran, who had previously announced his retirement. Kedia said Clements is seen as a strong and engaging leader with a focus on serving clients and running the business effectively. She added that his understanding of the company, its customers, and its partners is expected to support more integrated, simple, and innovative experiences.

Clements joined U.S. Bancorp in 2017, starting as an executive officer in its European operations. Over time, he has taken on broader responsibilities and, over the past year, led the company’s client service centers. Before that, he held executive roles at Permanent TSB in Dublin and Tesco Bank in Edinburgh. He also worked in consulting and strategy roles at Navigant and Barclays in London. He holds a Bachelor of Laws degree from the University of Southampton and a global MBA from INSEAD.

U.S. Bancorp (NYSE:USB) is a financial services holding company. Its segments include Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support.

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