U.S. Bancorp Promotes Adam Graves to Senior Executive Vice President Overseeing Strategy and Corporate Functions

U.S. Bancorp (NYSE: USB) announced that Adam Graves has been promoted to senior executive vice president and head of enterprise strategy and administration. Graves will now oversee not only strategy and corporate development, but also corporate real estate and procurement, marketing and customer experience, public affairs and communications, and strategy and administration risk.

Graves, 47, joined U.S. Bank in 2018 and has led finance strategy and corporate development before becoming head of strategy in 2023. His prior experience includes leadership roles at Goldman Sachs. In his new capacity, Graves will report directly to CEO Gunjan Kedia and join the company’s managing committee.

Kedia praised Graves for his bold leadership and commitment to growth, stating he is well-positioned to elevate the company’s strategy and strengthen its brand and stakeholder engagement.

As of March 31, 2025, U.S. Bancorp had approximately $676 billion in assets and 70,000 employees. The bank has received recognition for ethics, innovation, and customer service, including being named one of the 2025 World’s Most Ethical Companies.