US Bancorp stock faces interim risk leadership after Richard exit

Published on 11/03/2026 at 14:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

US Bancorp stock traded at 53.76 euros in late-morning European trading on Tuesday. Troy Remington will serve as interim chief risk officer during the succession search.

Risk leadership enters transition

Jodi L. Richard left U.S. Bancorp to take a position at another publicly traded company.
Troy W. Remington will lead risk management on an interim basis while the bank selects a permanent successor.

US Bancorp, US9029733048, Illustration mit AI erstellt.

U.S. Bancorp is facing a transition in senior risk management after Jodi L. Richard resigned as vice chair and chief risk officer effective immediately on October 23, 2026. The bank said Richard left to take a position at another publicly traded company and that her resignation was not related to a disagreement over the company's operations, policies or practices.

The change was set out in a U.S. Bancorp Form 8-K filing dated October 29. Executive Vice President and Chief Credit Officer Troy W. Remington will take on the chief risk officer role on an interim basis while U.S. Bancorp conducts a process to select and appoint a permanent successor.

Successor search shapes risk oversight

The appointment gives the bank continuity in its risk function but leaves the long-term leadership structure open. Remington combines responsibility for credit oversight with the interim enterprise risk role until the search is completed. The filing did not provide a timetable for naming a permanent chief risk officer.

US Bancorp stock traded at 53.76 euros on Lang & Schwarz at 14:33 CET on Tuesday, November 3, 2026. The real-time quote of US Bancorp stock is available here.

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U.S. Bancorp is a U.S. financial services holding company whose businesses include banking, payments, wealth management and lending. Investors will next focus on the permanent risk appointment and any indication that the transition changes the bank's approach to credit, compliance or operational risk.

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