Chief Risk Officer, Bill Parker and Chief Human Resources Officer, Jennie Carlson of U.S. Bank will retire from the company. Searches are underway for their successors.

“I have had the pleasure of working with Bill for decades, and I will miss his insight, counsel and humor. He has been a steadying influence on our Managing Committee for years. He is guided by a belief in doing what is right, and he has shaped our risk organization during a time of tremendous change. The infrastructure he developed will guide us well in the future,” said Andrew Cecere, chairman, president and CEO of U.S. Bank. “Under Jennie’s leadership, we have placed more of an emphasis on the importance of engagement, diversity and inclusion, and talent development. Both Bill and Jennie have assembled strong teams to lead us into the future. I am confident that we will find suitable successors who will carry the mantle they have built as we create value for our shareholders.”

Parker intends to continue with the U.S. Bank, the fifth-largest commercial bank in the United States through the fall, while Carlson will leave by the end of June.