U.S. Bancorp announced that Tim Welsh, vice chair of Consumer and Business Banking, intends to leave the organization after seven years to focus on his many community activities and additional career interests. Welsh will remain in his role through July to help the company enact its succession plan and then support executive leadership in an advisory position through early October. Arijit Roy will assume an expanded role leading the U.S. Bank Consumer and Business Banking products organization, reporting to Gunjan Kedia, U.S. Bancorp president.

Also reporting to Kedia will be Sekou Kaalund, head of Branch Banking, and Tom Wind, head of Consumer Lending. Before coming to U.S. Bank, Roy, 47, worked in important leadership positions at Truist, Discover Financial Services and McKinsey and Company. He holds master?s degrees from Harvard Business School and Virginia Tech, and a bachelor?s degree from Manipal Institute of Technology.