U.S. Bancorp Risk Chief Jodi Richard Resigns; Troy Remington Named Interim

U.S. Bancorp's chief risk officer, Jodi L. Richard, has resigned to take a job at another publicly traded company, the bank disclosed Thursday, and a senior credit executive will fill the role on an interim basis.

Richard notified the Minneapolis-based lender on Friday, Oct. 23, that she was resigning as Vice Chair and Chief Risk Officer, effective immediately, according to an 8-K filed Thursday morning. The filing said her departure was not the result of any disagreement with the company.

Interim risk chief named

Troy W. Remington, U.S. Bancorp's Executive Vice President and Chief Credit Officer, will serve as interim Chief Risk Officer while the company searches for a permanent successor, the filing said.

What the filing leaves open

The 8-K does not name the company Richard is joining or give a timeline for choosing a permanent risk chief. It also does not describe any separation payments or changes to her outstanding awards.

The disclosure came under Item 5.02, the section companies use to report the departure or appointment of certain officers and directors. The filing included no press release, and its only exhibit was the standard cover page data file.

Leadership change in risk

Richard held the title of Vice Chair alongside the risk post, according to the filing, placing the change in the company's most senior executive ranks. Her resignation took effect on Oct. 23, the day she gave notice, six days before the company filed its report.

Remington's current role as Chief Credit Officer means the interim risk chief comes from inside the bank's existing leadership, the filing shows.

The filing was signed by James L. Chosy, Senior Executive Vice President and General Counsel.

Sources

1. U.S. Bancorp Form 8-K reporting Chief Risk Officer resignation (Item 5.02), filed Oct. 29, 2026 (accession 0001193125-26-437071)

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