Kedia, serving most recently as the Minneapolis-based company’s president, said she is “deeply honored” to lead the bank.

U.S. Bancorp said President Gunjan Kedia will become chief executive officer, replacing Andy Cecere, who will remain the lender’s chairman.

U.S. Bancorp, parent company of U.S. Bank, said Tuesday that President Gunjan Kedia will become the company’s chief executive officer, replacing Andy Cecere, who will remain chairman. Kedia, also elected to the Minneapolis-based company’s board,