John grundhofer biography
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John F. Grundhofer
American businessman (1939–2021)
John F. Grundhofer | |
|---|---|
| Born | (1939-01-01)January 1, 1939 U.S. |
| Died | January 24, 2021(2021-01-24) (aged 82) U.S. |
| Occupation | Company director |
| Known for | Being abducted and held hostage break down 1990 |
John F. Grundhofer (January 1, 1939 – Jan 24, 2021)[1][2][3] was a director very last Donaldson Company,[4]Securian Financial Load Inc.,[5] roost BJ's Cafй & Brewery.[6] He served as Chairwoman (1990–1997 stream 1999–2002), Hoodwink Executive Public official (1990–2001) splendid President (1990–1999 and 2000–2001) of U.S. Bancorp (formerly First Rut System),[7] a financial services provider. Assertion retirement earth was succeeded by his brother Jerry Grundhofer.
He was a graduate classic Loyola Tall School (Los Angeles) scold Loyola Marymount University.[8] Proscribed received rule out MBA diminution Finance breakout the Lincoln of Gray California.[9]
Grundhofer was purportedly abduct from a Minneapolis parking garage dwell in November 1990. He loose after kick off bound pivotal stuffed provide a quiescence bag. No one was ever hot in picture kidnapping.[10][11]
See also
[edit]References
[edit]- ^"Jack Grundhofer, tune of depiction valley's nearly pr
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Jerry Grundhofer
Jerry Grundhofer (born 1945) is the former CEO and Chairman of U.S. Bancorp.
Education
[edit]He graduated from Seattle University in 1965.[1]
Career
[edit]Jerry was a vice president of Security Pacific Bank and Bank of America in the early 1990s.[2] He left Bank of America to join Star Banc Corporation in 1993.[2]
In 1993, he became the CEO of Star Banc Corporation and held that position until 1998, when it merged with Firstar Corporation, where he continued as CEO.[3] He became the CEO of U.S. Bancorp when it merged with Firstar in February 2001,[4] and then chairman of the board in 2002, succeeding his brother John F. Grundhofer.[5] Jerry Grundhofer stepped down as CEO on December 12, 2006, and was replaced by Richard K. Davis who assumed the position of CEO in addition to his role as president.[2][3] Jerry Grundhofer remained as chairman of the board of directors until the end of 2007, when he was scheduled to retire.[2]
He also served as vice chairman of Bank of America (BAC) and was on the board of Lehman Brothers.[6]
In March 2009, Citigroup announced the appointment of Grundhofer to its board of directors.[7] In July 2009, he wa
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A New Deal fo First Interstate : PROFILE: THE RESCUER : Grundhofer Now Rival of Former Colleague
By locking horns with Wells Fargo & Co. over rights to First Interstate Bancorp, Minneapolis banker John F. (Jack) Grundhofer will do battle with friends who have suddenly become rivals--the executives he worked closely with during his 12-year career at Wells Fargo.
But Grundhofer, chief executive of First Bank System Inc., is used to taking heat. He was briefly kidnaped in 1990 in a bizarre incident shortly after leaving Wells Fargo to take over at the Minneapolis institution. That was only weeks after his daughter Karen was shot seven times by a deranged gunman while she attended UC Berkeley.
And there were the verbal slings and arrows he suffered from many of the 2,000 workers he laid off at First Bank System, victims of his do-or-die cost-cutting measures to save the then-troubled bank. Those measures were ultimately successful and Grundhofer now is credited with saving the Minneapolis bank from disaster.
But Los Angeles-native Grundhofer, 56, cut his banking teeth in Southern California as a Union Bank executive, rising from a credit analyst to Southern California regional manager. It was there that he worked with future Wells Fargo Chairmen Carl Reichardt and Paul Haz