Jerry_Grundhofer

Jerry Grundhofer

Jerry Grundhofer

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

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. [1]
    Lis-Sette, Michael (2011-03-15). Seattle University 2012. College Prowler. p. 148. ISBN 978-1-4274-9759-8.
  2. [2]
    Garrison-Sprenger, Nicole (18 July 2006). "U.S. Bancorp CEO Grundhofer to retire". Minneapolis/St. Paul Business Journal.
  3. [3]
    "Grundhofer to retire as U.S. Bank chief; Davis tapped as successor". Cincinnati Business Courier. 18 July 2006. Retrieved 2020-09-01.
  4. [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. [5]
    "US Bancorp names chairman". Louisville Business First. 17 December 2002.
  6. [6]
    Salzman, Avi, "Citi Director Resigns Suddenly", Barrons, June 24, 2011, 5:09 PM EDT. Retrieved 2011-06-26.
  7. [7]
    "Citigroup director Grundhofer resigns from board". The Oklahoman. 2011-06-24. Retrieved 2020-09-28.
  8. [8]
    "Citigroup names 3 directors, gives Grundhofer job". Reuters. 2009-07-25. Retrieved 2020-09-28.
  9. [9]
    "UPDATE 2-Citi director Grundhofer resigns from board". Reuters. 2011-06-24. Retrieved 2020-09-28.
  10. [10]
    "Citigroup Says Director Grundhofer Stepped Down From Board", San Francisco Chronicle with Bloomberg, June 24, 2011. Retrieved 2011-06-26.
  11. [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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