John F. Grundhofer
American businessman (1939–2021)
From Wikipedia, the free encyclopedia
John F. Grundhofer (January 1, 1939 – January 24, 2021)[1][2][3] was a director of Donaldson Company,[4] Securian Financial Group Inc.,[5] and BJ's Restaurant & Brewery.[6] He served as Chairman (1990–1997 and 1999–2002), Chief Executive Officer (1990–2001) and President (1990–1999 and 2000–2001) of U.S. Bancorp (formerly First Bank System),[7] a financial services provider. On retirement he was succeeded by his brother Jerry Grundhofer.
John F. Grundhofer | |
|---|---|
| Born | January 1, 1939 U.S. |
| Died | January 24, 2021 (aged 82) U.S. |
| Occupation | Company director |
| Known for | Being kidnapped and held hostage in 1990 |
Early life
He was a graduate of Loyola High School (Los Angeles) and Loyola Marymount University.[8] He received an MBA in Finance from the University of Southern California.[9]
Career
During his tenure at U.S. Bancorp, Grundhofer was credited with transforming the institution from a regional bank into one of the nation's largest, emphasizing efficiency and strategic acquisitions. His leadership style emphasized cost control, leading to several high-profile mergers during the 1990's.[10]
After retiring, Grundhofer chaired the board of the Guthrie Theater and served on the boards of the Minnesota Orchestra and the University of St. Thomas.[3]
