US Bancorp (NYSE: UCITS) announced that Shailesh KotwalVice Chairman of Payment Services, plans retire in the first half of 2025Kotwal has been with the company for nearly a decade and has contributed significantly to its growth and innovation in the payments sector. The bank will start searching immediately for new leadership in Payment Services to ensure a smooth transition. This early announcement allows sufficient time for a comprehensive search and a smooth handover of responsibilities.
US Bancorp (NYSE: UCITS) has announced Shailesh KotwalVice President of Servizi di Pagamento, prevede di We are retired by 2025Kotwal has been active for almost a decade and is making significant contribution and innovation in its last life cycle. The bank Start testing immediately New leadership for the payments service to ensure a smooth transition. This announcement letter expected agreement that the pace was sufficient for a full journey and transition of responsibility to completion.
US Bancorp (NYSE: UCITS) announced, Shailesh KotwalVice President of Servicios de Pagos, Planea Anniversary on February 1, 2025Kotwal has been with the company for about a decade and has made significant contributions to its growth and innovation in the industry. El banco Come to a bus immediately A new direction for Pagos services to ensure smooth transportation, assuming that we can have sufficient time to allow for full order processing and transfer of responsibilities in case of problems.
US Bancorp (NYSE: UCITS)는 Shailesh KotwalIt is not easy to do this 2025 – 18:00이라고 발표했습니다. Kotwal is a 10-year-old team that has studied time and life. 은행은 즉새로운 결제 서비스 리더십을 검색하기 작할 것이며 원활한 전환을 보합니다. 이 조기 발표는 포괄적인 검색과 원활한 책임 인수를 위한 충분한 을 허용합니다.
US Bancorp (NYSE: UCITS) announced that Shailesh KotwalVice President of Services de Paiement, Prévoit de Prendre sa retraite dans la premiere moitié de 2025Kotwal has been a company that has made significant contributions to success and innovation in the payments space for a decade. The bank Start searching now A new direction for payment services to ensure a transition at a later date. This announced announcement allows sufficient time for a full research and a transparent transfer of responsibility.
US Bancorp (NYSE: UCITS) announced that Shailesh KotwalVice-Chairman of Payment Services, Investment, retire in the first half of 2025Kotwal has been with the company for nearly a decade and has contributed significantly to its growth and innovation in the payments sector. The bank will immediately start searching Begin the search for new leadership for Payment Services to ensure a smooth transition. This future announcement will allow sufficient time for a comprehensive search and a seamless transition of responsibilities.
Positive
- Early announcement provides sufficient time for leadership changes
- Opportunity to attract new leadership for the Payment Services division
Negative
- Loss of an experienced executive in a key position in the payment services sector
Search for new manager for payment service begins immediately
“For nearly a decade, Shailesh was a forward-thinking champion of payments and money movement and a leader who inspired our organization to expand its capabilities in a rapidly evolving area of the industry,” said Andy Cecere, chairman and CEO of U.S. Bancorp. “He was an advocate and a friend, and we now have the opportunity to wish him well as he moves toward his next milestone: retirement.”
Kotwal, 60, will remain in his position for several months, and the search for a new leader for payments services will begin immediately. He will work with the company to ensure a smooth transition for employees, customers and partners alike.
Kotwal has been with the bank since 2015, heads the Payment Services division and is a key voice on the Board of Elavon Financial Services in
“Under Shailesh’s leadership, we have expanded our expertise, expanded our reach through partnerships and brought innovation to millions of customers,” said Gunjan Kedia, President of US Bancorp. “We appreciate all Shailesh has done as payments have rapidly changed during his tenure and wish him well as he prepares for his well-deserved retirement.”
To
US Bancorp with more than 70,000 employees and
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Investors:
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Media:
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Source: US Bancorp
Frequently Asked Questions
When will Shailesh Kotwal retire from US Bancorp (USB)?
Shailesh Kotwal plans to retire from US Bancorp (USB) in the first half of 2025.
What position does Shailesh Kotwal hold at US Bancorp (USB)?
Shailesh Kotwal is vice president of payments services at US Bancorp (USB).
How long has Shailesh Kotwal been at US Bancorp (USB)?
Shailesh Kotwal has been with US Bancorp (USB) for nearly a decade.
When will US Bancorp (USB) begin its search for a new leader in payments?
US Bancorp (USB) will immediately begin its search for a new leader in its payments services division.
