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Elizabeth L. Buse and Yusuf I. Mehdi Join U.S. Bancorp Board of DirectorsU.S. Bancorp announced today that its Board of Directors has elected Elizabeth L. Buse and Yusuf I. Mehdi as directors of the company, effective immediately. Ms. Buse, 57, is the former Chief Executive Officer of Monitise PLC, a global mobile banking and payments company based in the UK. She served as Co-Chief Executive Officer and Chief Executive Officer of Monitise during 2014 and 2015, after retiring from Visa, Inc, the world's largest payment network, as Executive Vice President of Global Services. She held various senior leadership positions during her 16-year tenure at Visa, Inc. "Elizabeth has deep expertise within the financial services industry, and specifically related to payments, that is extremely relevant to our Board," said Andy Cecere, chairman, president and CEO of U.S. Bancorp. "Her experience as the CEO of a global financial services technology company gives her valuable leadership insight and broad perspective on complex issues facing our company." Mr. Mehdi, 51, is the Corporate Vice President of the Modern Life and Devices Group of Microsoft (News - Alert) Corporation, representing the Windows, Surface, Office and Bing businesses. A 26-year veteran of Microsoft, Mehdi previously served as the company's Corporate Vice President of Windows and Devices Group as well as the Corporate Vice President and Chief Markeing and Strategy Officer of its Interactive Entertainment Division, including Xbox, among other leadership positions. "With extensive consumer experience at a large multinational company, Yusuf brings valuable retail business knowledge to our Board," said Cecere. "His work in a technology-focused industry, that must adapt its strategy and offerings extremely quickly to respond to changes in customer expectations, will serve us well in our work to bring our whole bank to our customers. We are delighted that Elizabeth and Yusuf have joined our Board and look forward to working with them and benefiting from their diverse knowledge and experiences."
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