John F. Grundhofer
Template:Short description Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image 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.
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]
Personal life
Grundhofer was purportedly kidnapped from a Minneapolis parking garage in November 1990. He escaped after being bound and stuffed in a sleeping bag. No one was ever charged in the kidnapping.[11][12]
Grundhofer passed away on January 24, 2021 in Palm Desert California, at the age of 82.[3]
See also
References
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- 1939 births
- 2021 deaths
- American chief executives of food industry companies
- American chief executives of financial services companies
- Businesspeople from Los Angeles
- Kidnapped American people
- Formerly missing American people
- Loyola Marymount University alumni
- Marshall School of Business alumni
- Loyola High School (Los Angeles) alumni