U.S. Bancorp Chief Risk Officer Jodi Richard Resigns Immediately; Chief Credit Officer Takes Interim Role
USB sits 34% above its 52-week low of $45.02.
Summary
U.S. Bancorp's Vice Chair and Chief Risk Officer, Jodi Richard, resigned effective immediately on October 23 to join another publicly traded company. Chief Credit Officer Troy Remington steps in as interim CRO while a permanent successor is sought.
Key Events · Executive and Board Changes · USB
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Chief Risk Officer Resigns Immediately
Jodi L. Richard resigned as Vice Chair and Chief Risk Officer effective October 23, 2026, to take a position at another publicly traded company.
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Interim Successor Named
Troy W. Remington, Executive Vice President and Chief Credit Officer, will serve as interim Chief Risk Officer while the company selects a permanent successor.
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No Disagreement Cited
The filing states the resignation was not due to any disagreement with the company on any matter relating to its operations, policies or practices.
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Successor Search Underway
No timeline or candidate has been disclosed for appointing a permanent Chief Risk Officer.
Analysis · USB · Finance
A governance gap, not a routine departure: the top risk job at a $90B-plus bank is now vacant with no named successor. Richard left immediately for another public company, and the company is plugging the hole with Troy Remington, its chief credit officer, on an interim basis — meaning one executive now oversees both credit and enterprise risk until a search concludes. The filing states the exit was not driven by any disagreement over operations, policies or practices, which removes the worst-case read. Still, a bank's risk function is exactly what regulators and investors scrutinize, and an extended interim period leaves the seat unfilled. Q3 results were already reported October 15, so this is a standalone personnel event rather than part of an earnings narrative.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 30.9% of the 1649 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, USB was trading at $60.45 on NYSE in the Finance sector, with a market capitalization of approximately $92.9B. The 52-week trading range was $45.02 to $66.08. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.