Jerry Grundhofer

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Jerry Grundhofer (born 1945) is the former CEO and Chairman of U.S. Bancorp.

Contents

Education

He graduated from Seattle University in 1965. [1]

Career

Jerry was a vice president of Security Pacific Bank and Bank of America in the early 1990s. [2] He left Bank of America to join Star Banc Corporation in 1993. [2]

In 1993, he became the CEO of Star Banc Corporation and held that position until 1998, when it merged with Firstar Corporation, where he continued as CEO. [3] He became the CEO of U.S. Bancorp when it merged with Firstar in February 2001, [4] and then chairman of the board in 2002, succeeding his brother John F. Grundhofer. [5] Jerry Grundhofer stepped down as CEO on December 12, 2006, and was replaced by Richard K. Davis who assumed the position of CEO in addition to his role as president. [2] [3] Jerry Grundhofer remained as chairman of the board of directors until the end of 2007, when he was scheduled to retire. [2]

He also served as vice chairman of Bank of America (BAC) and was on the board of Lehman Brothers. [6]

In March 2009, Citigroup announced the appointment of Grundhofer to its board of directors. [7] In July 2009, he was appointed chairman of Citibank NA. [8] He also led the board's risk management and finance committee and was a member of its nomination and governance committee. [9] In June 2011, Grundhofer resigned from the board. [10] Also in June 2011, he was named chairman of Santander Holdings. [11]

References

  1. ↑ Lis-Sette, Michael (2011-03-15). Seattle University 2012. College Prowler. p. 148. ISBN   978-1-4274-9759-8.
  2. 1 2 3 4 Garrison-Sprenger, Nicole (18 July 2006). "U.S. Bancorp CEO Grundhofer to retire". Minneapolis/St. Paul Business Journal.
  3. 1 2 "Grundhofer to retire as U.S. Bank chief; Davis tapped as successor". Cincinnati Business Courier. 18 July 2006. Retrieved 2020-09-01.
  4. ↑ Goldsborough, Bob. "Former U.S. Bancorp CEO Jerry Grundhofer sells Gold Coast condo for $1.1 million". Chicago Tribune. Retrieved 2020-09-28.
  5. ↑ "US Bancorp names chairman". Louisville Business First. 17 December 2002.
  6. ↑ Salzman, Avi, "Citi Director Resigns Suddenly", Barrons , June 24, 2011, 5:09 PM EDT. Retrieved 2011-06-26.
  7. ↑ "Citigroup director Grundhofer resigns from board". The Oklahoman. 2011-06-24. Retrieved 2020-09-28.[ dead link ]
  8. ↑ "Citigroup names 3 directors, gives Grundhofer job". Reuters. 2009-07-25. Retrieved 2020-09-28.
  9. ↑ "UPDATE 2-Citi director Grundhofer resigns from board". Reuters. 2011-06-24. Retrieved 2020-09-28.[ dead link ]
  10. ↑ "Citigroup Says Director Grundhofer Stepped Down From Board", San Francisco Chronicle with Bloomberg , June 24, 2011. Retrieved 2011-06-26.
  11. ↑ Ovide, Shira (2011-06-27). "Bank Veteran Jerry Grundhofer Named Santander USA Chairman". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-09-28.
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