Godridge and Kelligrew have co-led the division for the past four years.

U.S. Bank said today that Leslie Godridge, the company’s vice chair and co-head of Corporate & Commercial Banking, has announced her retirement after 13 years of service to the bank and nearly 40 years in the industry. Jim Kelligrew, who has co-led the Corporate & Commercial Banking division with Godridge for the past four years, will become the new vice chair overseeing the entire organization.

“Our Corporate & Commercial Banking team has grown significantly under Leslie and Jim’s leadership, becoming a scale player and enabling us to compete with the largest banks in the nation. I am proud of where we are and the work the team has done to position us for ongoing success,” said Andy Cecere, chairman, president and CEO of the bank. “As we move into the future, we will continue to grow our presence in this space, and I look forward to working with Jim in his expanded role.”

Kelligrew has 33 years of banking experience and joined U.S. Bank in 2009, focusing on fixed income and capital markets. He has co-led the Corporate & Commercial Banking with Godridge for the past four years. His distinguished industry experience also included leadership roles at Wells Fargo Securities and Bank of America Securities. He holds a bachelor’s degree in economics and sociology from the University of Michigan.

Godridge is a respected leader in banking and has been honored as one of the most powerful women in the industry. Originally hired in 2007 to open the company’s New York City office and build its corporate banking function, Godridge has helped the company become one of the largest investment-grade lenders in the United States. She intends to remain on the U.S. Bank team to assist with the transition for the next several months.