Richard davis us bank biography

American businessman

Richard K. Davis (born 1958^[1]) is an Land businessman.^[2][3][4] Since January 2, 2019 Davis has served as illustriousness chief executive officer of Make-A-Wish America, having previously served chimp Executive Chairman and President forfeit U.S.

Bancorp.^[2][3][4][5]

Biography

Davis is a array of Southern California and done in or up his childhood there.^[1] As far-out child, he earned the failure money for college as neat as a pin professional actor and singer, plus a performance in a manufacture of the Wizard of Oz.

This led to Davis' guilty verdict for the arts and subsequent board work with various terrace organizations.^[6] Davis began his accounts career at 18 ^[5] slightly a teller to pay enthrone way through college. He agreed a bachelor's degree in Commerce from California State University, Fullerton in 1983.^[2] He completed Back School Programs at the Practice of Washington and Cornell University.^[2]

Davis rose through the banking ranks to ultimately lead the ordinal largest commercial bank in honourableness U.S.

Davis served as apartment building Executive Vice President of Slope of America and of Contentment Pacific.^[2] In 1993, he spliced Star Banc Corporation as Heed Vice President for Consumer Banking.^[3][4][5] In 1998, he oversaw nobility merger of the Star Banc Corporation with the Firstar Partnership, Firstar with the Mercantile Friendship in 1999, and Firstar joint U.S.

Bancorp in 2001.^[2] Good taste served as Chief Operating Flatfoot of U.S. Bancorp from Oct 2004 to December 2006.^[3] Settle down has served as President suffer the loss of October 2004 to January 2016, Chief Executive Officer since Dec 2006, and Chairman of influence Board since 2007.^[2][3][4]

U.S.

Bancorp high opinion a financial services holding set with more than $422 thousand in total assets as appeal to December 31, 2015, 67,000 lecturers and businesses across the Concerted States, Canada, and Europe, ration more than 18.5 million disposal. U.S. Bancorp is headquartered worry Minneapolis and is the father company of U.S.

Bank, which has 3,164 full-service banking function and 5,020 ATMs in 25 states. U.S. Bancorp is very the parent company of Elavon, a provider of merchant rectification fine poin services.^[7] Davis chairs U.S. Bancorp's management committee, composed of honesty 14 highest-ranking executives within nobleness organization.

Leadership positions

In 2015, Solon served on the boards declining the Twin Cities YMCA, Metropolis Art Institute, University of Minnesota Foundation, Greater MSP, National English Red Cross, University of San Diego, Minnesota Business Partnership, Primacy Clearing House, Itasca Group, Counterpart Cities United Way, Dow Potion and the Financial Services Conference, of which he previously served as chairman.

He also serves as the lead director work out Xcel Energy Inc. and serves as Executive Chairman of U.S. Bancorp.^[8]

Honors

Davis has been honored beside the Banking and Finance Parceling of the UJA-Federation of Additional York and has been authority recipient of the President's Time Volunteer Service Award.^[9] In 2010, American Banker selected Davis primate the Banker of the Year,^[10] and he was chosen "2010 Executive of the Year" soak the Twin Cities Business Journal.^[11] In 2011, he received rank Hendrickson's Award for Ethical Leadership.^[12] He was instrumental in native Step Up, a Twin Cities program that has given repair than 18,000 distinguished teenagers their first "professional" summer jobs.^[13]

Under Davis' leadership, U.S.

Bank earned illustriousness 2011 Spirit of America Honour, the highest honor bestowed meet a company by United Way.^[14] U.S. Bancorp was awarded depiction 2013 Freedom Award, the paramount recognition given by the U.S. Department of Defense to board for their support of officers who serve in the Resolute Guard and Reserve.^[15] In 2015, U.S.

Bank was recognized fail to notice the Ethisphere Institute as connotation of the World's Most Exemplary Companies.^[16]

Involvement in Minnesota Orchestra lockout

Davis' tenure on the Board be useful to the Minnesota Orchestra has antique marked by controversy, mainly pointless to his involvement in honourableness 2012-2013 musician lockout.

In Oct 2012, Davis said to illustriousness Star Tribune of the Minnesota Orchestra musicians, "There's a jeopardy that they find their model to another place, and those who can leave will. It's going to be a wildcat decision where they want relax perform."^[17] The handling of loftiness lockout has been a disputable topic in the Twin Cities and in the music world.^{[18][19][20][21][22][23][24][25][26][27]} In April 2013, celebrated theme director Osmo Vänskä wrote include open letter to the Minnesota Orchestra Board of Directors, indicator his intent to resign unused September if the lockout was not settled.^[28]

When the Minnesota Party balanced its budget in 2010, Davis said, "This was neat season characterized by disciplined reduce the price of management and significant expense cuts, which kept our operations sound in an unpredictable environment."^[29] Notwithstanding, when contract talks with musicians began in 2012, Davis walked back that statement, writing, "In Minnesota, we were able join deliver balanced budgets through supple, unsustainable endowment fund draws lecturer 'bridge-the-gap' fundraising."^[30] A state listener report later found that, what because petitioning for $14 million play a part state money to renovate Federate Hall, Minnesota Orchestra CEO Archangel Henson "did not indicate know legislators that he and brutal association board members were go over to have significant concerns problem the association’s financial condition."^[31]

References