Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 23

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 23
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 was a partner at McKinsey & Company and a core leader of the financial services practice. She began her career at PricewaterhouseCoopers. Skills and qualifications: ▶ Customer experience:Ms. Kedia contributes to our Board a current perspective on client expectations across our consumer, wealth, small business and corporate and institutional clients gained from her long leadership of several businesses. ▶ Digital, technology, or cybersecurity experience:Through her current experience as President with responsibility for all of the company’s revenue lines and prior leadership roles at U.S. Bancorp, Ms. Kedia brings a record of driving growth and productivity, including through digital capabilities and technology transformation initiatives. ▶ Financial services industry expertise:Ms. Kedia has deep expertise in the financial services industry, gained through a career of more than 30 years in the industry. ▶ Risk management:Through her extensive experience as the leader of business lines and in executive positions at several financial services companies, and as a partner and core leader of the financial services practice at McKinsey, Ms. Kedia brings valuable risk management experience to our Board.

| ​ | 20 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Proposal 1 — Election of directors Richard P. McKenney
Director since October 2017 Committees ▶ Cybersecurity and Technology ▶ Governance ▶ Risk Management Business experience:Mr. McKenney, 56, is the President and Chief Executive Officer of Unum Group, a workplace financial protection benefits company. He has served as President since April 2015 and as Chief Executive Officer since May 2015. Mr. McKenney served as Executive Vice President and Chief Financial Officer of Unum from 2009 to 2015. Prior to joining Unum in 2009, he served as Executive Vice President and Chief Financial Officer at Sun Life Financial, Inc., an international financial services company, from 2006 to 2009. Mr. McKenney began his career at General Electric Company, transitioning his roles from manufacturing to financial leadership. Other public company directorships: ▶ Unum Groupsince 2015 Skills and qualifications: ▶ Chief executive experience:Mr. McKenney’s experience as a current CEO provides valuable strategic and operational expertise to our Board gained by leading a large company through the current economic and regulatory environment. ▶ Corporate governance:As the current President, CEO and board member of a public company, Mr. McKenney has gained significant corporate